The Central Bank of the Argentine Republic has started a project called “Transfers 3.0” to promote digital payments. From the Argentine Fintech Chamber, they were satisfied with this regulation.
One of the most important points to consider is the use of an interoperable QR code. There are also other important points. According to iProUp, “debit card payments are made directly via bank transfer, which reduces costs and enables companies to get the money instantly”.
“”Another important point will be the networking of all players in the payment industry. Banks, digital wallets and acquirers must communicate with each other and with the companies that provide the infrastructure and facilitate the settlement of the balances resulting from the operations”, You detailed in this medium.
The iProUp article also quoted Carlos Hourbeigt, BCRA director and president of the bank’s Operations and Payment Methods Commission, “We did nothing without identifying this.” The private sector was the engine for this. We understand that when there is a connected network that everyone joins, everyone wins and the cost is lower, “he said.
From the Argentine Fintech Chamber, they shared a statement in Spanish with Cointelegraph stating: “We are very grateful with this regulation managed by the BCRA and the institution for asking us to actively work together as a chamber and to add our perspective and recommendations. The Transfer 3.0 program will certainly represent a milestone in the development of our country towards a more inclusive, accessible and transparent digital economy. “
“As we have always maintained, we believe that the best solutions come when all sectors involved can bring their knowledge and experience to the table and develop tools that have a positive impact on people’s lives,” they later added.
“With this joint initiative, Argentina is positioning itself as one of the pioneers of interoperable digital payments. It is certainly a perfectable system, but we are determined to evolve in partnership with our entire ecosystem, “they concluded.
You might be interested in: