Monthly report that analyzes the state and evolution of retail means of payment.

Summary

El mes de análisis es septiembre de 2025, excepto para extracciones, tarjetas de crédito, tarjetas de débito, tarjetas de transporte y VQR que la información corresponde a agosto de 2025 (último dato disponible), y de tarjetas prepagas que se incluyen los datos disponibles a junio de 2025 (último dato disponible).

In September, remittances (immediate “push” transfers) reported a growth in amounts of 23.5% YoY

In pesos: 649.2 million transactions were registered for $ 70.2 billion, which imply year-on-year increases of 23.5% and 22.8% in amounts and in real amounts, respectively. 75.8% of the transactions had a CVU as their origin and/or destination.

In foreign currency: 2.1 million operations were registered (27.2% YoY) for USD 3,393.4 million (37% YoY in currency of origin).

Money inflows (immediate “pull” transfers) reached 37.7 million transactions in September

37.7 million transfers were made for $ 3.3 billion, representing a decrease of -1.6% in amounts and an increase of 24.9% in real amounts.

QR interoperable wire transfer payments (PCTs) totaled 71.6 million transactions

72.8 million PCT operations were carried out (44% YoY), for a total of $1.41 trillion (56.6% YoY in real terms -deflated by CPI-).

QR:

– 98.2% of PCTs were initiated with QR codes, representing 71.6 million payments (54.3% YoY) for $1.38 trillion (71.7% YoY in real terms). 55.6% were made by customers who used their demand accounts (CBU) and 44.4% their payment accounts (CVU). For their part, 58.1% of the transactions were credited to payment accounts, while the remaining 41.9% were channeled to demand accounts.

Currently, 78 interoperable digital wallets and 55 PCT acceptors are registered with the BCRA.

With random keys:

– 1.8% used a token for the start of PCTs; These are 1.3 million operations (-69.5% YoY) for $35.1 billion (-64.6% YoY in real terms).

Payment accounts and funds invested through PSPCPs

In August, out of a total of 55.3 million payment accounts, 12.1 million had a balance totaling $0.5 trillion pesos. For its part, the balances invested in FCI of money reached $ 5.5 trillion in the same month. Considered together, both concepts represented 6.3% of the total deposits in pesos of the private sector. A total of 194 PSPCPs are currently included in the Register of Payment Service Providers.

Direct debit

In September, 11.9 million direct debits were made (-2.4% YoY) for a total of $1.7 trillion (growth of 8.8% YoY in real terms). The effectiveness rate reached 44.4%.

Checks. 81.8% of the amounts compensated in September corresponded to ECHEQ

5.3 million checks (physical and electronic) were cleared for a total of $20.3 billion. ECHEQ’s share of the total number of cleared persons reached 58.9% in quantities (3.1 million electronic checks) and 81.8% in amounts ($16.6 billion).

Rejections for reasons of “insufficient funds”: the ratio to the total number of compensated reached 1.7% in quantities and 1.4% in amounts.

Cards. The use of credit cards surpassed debit cards.

Debit: 178 million transactions were made for $ 4.7 trillion in August (latest available data), with variations of -15.3% y.o.y. in amounts and -13.5% y.o.y. in real amounts.

Credit: year-on-year increases of 9% in amounts and 5% in real amounts were observed, making 180.4 million payments for $9.4 trillion. The most used channels were POS and QR which represented 39.1% of the total amount, e-commerce with 37% and automatic debit with 14.2%. Interoperable QR reached 4.3% of all credit cards. For its part, the one-payment modality represented 87% in amounts and 64% in amounts of total credit card operations.

Prepaid card: 34.1 million payments were made for $ 0.59 billion, which represents increases of 23.4% and 18.6% y.a., in real amounts and amounts respectively.

Prepaid Transportation Cards

351.2 million trips were made (-10.6% YoY) through the SUBE card, totaling $0.15 trillion (growth of 3.7% YoY in real terms).

Travel with QR

Under the VQR modality, 4.6 million trips were made in August, totaling $4.7 billion.

Electronic Invoicing for MSMEs (FCEM)

In the month of analysis, 87% of the operations were carried out in pesos, entering the open circulation system (SCA) 67.6 thousand invoices for $ 1.4 trillion.

Extractions

90% of withdrawals were made from ATMs.

ATMs: in August (latest available data) 52.8 million withdrawals were made from the 17,622 available ATMs for a total of $4 billion, with approximately 3,000 being the average number of withdrawals at each ATM in the month. The average withdrawal amount reached $76.1k.

Extrabank withdrawals with debit card: 3.7 million withdrawals for $0.2 billion, with an average amount of $59.1 thousand.

Extrabank withdrawals from intra PSPCP (“closed loop”) payment accounts: 2 million withdrawals for $0.1 billion, with an average amount of $55.1 thousand.