Argentina

The Argentine Republic is a country in South America, bordered by Chile to the west and south, Bolivia and Paraguay to the north and Brazil and Uruguay to the northeast.


Link to external site : Website for Argentina
Argentina
Wallets
Development Secondary Emerging
Send or Receive
GDP ($m)
262,450.81
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HDI classification High
Mobile Connections (m)
Currency ARS
Class
CountryISO AR
Sovereignity Country
Territory of - NA -
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{"type":"PieChart","data":[["Operator","Connections"],["Claro (America Movil)",19605242],["Personal (Telecom Argentina)",18004084],["Movistar (Telef\u00f3nica)",16000000],["Nextel (NII)",1272293]],"options":{"title":"Connections","is3D":true}}
{"type":"ColumnChart","data":[["Year","Connections"],["Q4 2000",6206564],["Q4 2001",6564568],["Q4 2002",6522424],["Q4 2003",7600000],["Q4 2004",12969700],["Q4 2005",21432300],["Q4 2006",30204400],["Q4 2007",38561200],["Q4 2008",43713600],["Q4 2009",48424000],["Q4 2010",52217500],["Q4 2011",54992873],["Q4 2012",56854516],["Q4 2013",57929177],["Q4 2014",58538033]],"options":{"title":"Connections"}}
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Channel Analysis
{"type":"ColumnChart","data":[["Category","Initiatives"],["Mobile",2],["Web",2]],"options":{"title":"Initiatives ( 3 of 3 )"}}
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COT Analysis
{"type":"ColumnChart","data":[["Category","Initiatives"],["",1],["Bank",1],["PSP",1]],"options":{"title":"Initiatives ( 3 of 3 )"}}
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Persona Analysis
{"type":"ColumnChart","data":[["Category","Initiatives"],["MB",1],["MM",1],["OP",1]],"options":{"title":"Initiatives ( 3 of 3 )"}}
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Products
{"type":"ColumnChart","data":[["Category","Initiatives"],["AT",1],["BP",2],["CICO",1],["DMT",3],["MB",1],["MM",1],["MP",3],["OP",1],["Trade",2],["Wallet",1]],"options":{"title":"Initiatives ( 3 of 3 )"}}
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PI Analysis
{"type":"ColumnChart","data":[["Category","Initiatives"],["Account",1],["Card",2],["Wallet",2]],"options":{"title":"Initiatives ( 3 of 3 )"}}
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Central Bank
Key Regulations
Type of law
Legal System
Civil law system based on West European legal systems; note - efforts at civil code reform begun in the mid-1980s has stagnated
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Law is based on
The Spanish legal tradition had a great influence on the Civil Code of Argentina; Also German influence.
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Approach
Sectors active in Digital Money
Exclusivity
Certainty
Openness
Proportionate?
Allowed Models
DominantModel
E-Money
No e-money regulation. Lack of emoney regulation hinders nonbanks from entering as e-money issuers
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Payment

Services like Monedero considered retail payment services and not subject to pridential rules, licensing or registration

Nonbanks providing payment services are not currently subject to AML/CFT regs of BCRA or FIU.

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Agent
Update 201202 from BCRA Website: Currently no regulations to allow FIs to use third party agents for delivery of FS including payments outside bank branches. Regulations in draft
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Money Transfer
Taxation
Financial transaction tax on withdrawal/credits
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{"type":"Gauge","data":[["Label","Value"],["Mobile Penetration",125.93],["Banked",28],["Internet",24],["Urban",92],["Adult",74],["Literate",97.6446]],"options":{"scaleHeight":0.5,"min":0,"max":100,"redFrom":76,"redTo":100,"yellowFrom":26,"yellowTo":74}}
Population m 39.50
Adult % 74.00
Migrants %
Stock Immigrants ('000)
Emigration Rate %
Internal Migrants ('000)
Internal Migration Rate %
Intl Movement Rate %
Urban % 92.00
Female % 53.40
Literate % 97.64
Annual Growth %
Mobile Penetration % 125.93
Banked % 28.00
Access to FS % 28.00
Internet % 24.00
Branches per 100k adults 13.33
ATMs per 100k adults 33.04
POS per 100k adults 0.00
Prepaid % 73.20
Prepaid SIM Registration
MobileUnbanked (m) 28.44
Monthly ARPU
Cards 2010 ('000)
Propensity %
Overall
Population
On Remittance Sent
On Remittance Received
Mobile Unbanked
Migrant %
MP %
Banked %
Development
Can Provide Payments?
Can Market under Brand?
Can issue E-Money?
Can Open Customer Account?
Can Own Customer?
Can do Cash In/Cash Out?
Can offer Domestic Money Transfer?
Can offer International Money Transfer?
Importance for Digital Money
Digital Money Adoption
Rapid Growth
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Registered Wallet Users
Top Wallets
Informal Market
Cost To Remit
Key Players
Movistar Trivnet
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