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2 clusters · 12 sources · 17 days · First seen · Last updated

Digital banking expansion in Argentina

Overview

The Argentine financial sector is seeing increased activity from digital banking and fintech entities. Brazilian digital bank Inter has launched operations in Argentina through a partnership with the financial group Bind. Using a banking-as-a-service model, Inter provides local accounts and a ‘Global Account’ that enables users to invest in U.S. assets like stocks and Treasury bonds.

Concurrently, the Central Bank of the Argentine Republic (BCRA) expects Mercado Libre and the international fintech Revolut to obtain banking licenses by the end of the year. Mercado Libre, via Mercado Pago, is seeking to establish a digital banking model to consolidate its financial services in Latin America. The BCRA anticipates these developments will increase competition and expand credit availability within the national financial system.

Entities

Revolut · Grupo Bind · Argentina · Banco Central de la República Argentina · Mercado Libre

Timeline

  1. 8 days ago

    [BUSINESS] 5 sources
    Mercado Libre and Revolut to obtain Argentine banking licenses

    The Argentine Central Bank expects Mercado Libre and Revolut to secure banking licenses by year-end, aiming to boost financial competition and credit access in the country.

  2. 25 days ago

    [BUSINESS] 7 sources
    Inter expands digital banking operations into Argentina

    Brazilian digital bank Inter has expanded into Argentina through a partnership with Grupo Bind, offering residents access to U.S. investments and dollar-denominated accounts via its mobile app.

Sources

argentarnoticias.com.ar · brasil247.com · economia.estadao.com.br · eleconomista.com.ar · exame.com · fintechnews.ch · lagacetaonline.com.ar · notasdeactualidad.com.ar · ocafezinho.com · sitiosargentina.com.ar · viagemegastronomia.com.br · zonamista.com.br