he Central Bank of the Republic of Argentina (BCRA) We are preparing to take measures related to the resumption of digital credit. As announced Pedro Inshauspewithin the framework of the director of the organization, Argentina Fintech Forum 2025currency entity Reinstate account transfer – Important tool for automatic loan recovery – banned in 2020 During the government of Alberto Fernandez.
”If all goes well, within the next month, the central bank is expected to once again allow direct debit, which it shut down in 2020. The first thing to do is change its name and update the regulations.” said Inshauspe. Buenos Aires Exhibition Centerbrought together hundreds of companies from the financial and technology ecosystem.
Officials explained that the measure calls for: Expand access to creditpromoting financial inclusion and accompanying social development. open finance,system open finance BCRA began implementation this year.
From DEBIN to a new digital collection system
Resuming direct debit doesn’t just mean changing the name, it means keeping the face value. DEBIN (immediate withdrawal)-, but also operational changes. this is confirmed Juan CurchettoBCRA’s Financial Institutions Supervisor, warned that the new system “Certain control and monitoring conditions apply”.
he devin was suspended from school for February 2020when the previous government decided Prohibit use for loan collectionlimited to payments only. public services and taxes. The measures required at that time were Protecting beneficiaries of social programsBecause many people saw their accreditation automatically absorbed by collection of unpaid credit installments.
However, this ban also had negative side effects. Decreasing access to fintech creditIn particular, it applies to the highest-risk segments, which are typically furthest from traditional banking.
Tools expected in the fintech field
he Account transfer It was a basic tool. fintech and non-banking entities; certainty of payment This has made it easier to obtain consumer loans. This repeal forced many businesses to look for alternative collection methods, increasing delinquencies and operating costs.
With the reinstatement of this tool, BCRA requires: Activate digital trusta central part of its strategy financial inclusion and system modernization. ”Credit recovery is essential“These measures are based on the Open Finance Plan and the incentives we want to give to expand access to financing,” Inshauspe stressed.
New recurring direct debit: installment payments and increased transparency
In February, the central bank officially announced the introduction of regular devins and the possibility of installment payments in dollars by debit cards, as well as the possibility for businesses to receive payments in that currency. replaced with old one regular devin.
he BCRA for each payment plan Individual and explicit client adhesionyou must approve the operation before the first installment can be processed. Please note that payment is Fixed and presetThis ensures predictability for both users and financial institutions.
Once all payments have been made, There is no need to apply for withdrawal from the plan.However, both client and supplier can cancel at any time. The bank overview displays each transaction with its details.
“DEBIN Program – Name of Ordering Client – Amount – Installment X/XX”.
current system Excludes fintech virtual walletsas payment marketIt works. Prepaid card without CBU. This exclusion has already sparked complaints from the industry during 2024, with “level the field“In front of the bank.
Similarly, BCRA requires that periodic Devin Not available for activities related to Lottery, casino, or other games of chance.
This decision to rebuild direct debit is part of a wider agenda. Financial reform and deregulation. In your document “Goals and plans for monetary, exchange rate, monetary and credit policy development to 2025”, the organization published at the end of 2024. Progress is being made in the abolition of foreign exchange and capital controls that are still in place..
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