Argentina Cards and Payments – Opportunities and Risks to 2025

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The Argentina cards and payments market size was $69.3 billion in 2021. The market is projected to achieve a CAGR of more than 30% during the forecast period. Cash remains the most popular payment instrument in Argentina. This is mainly due to the high unbanked population, inadequate banking infrastructure, limited public awareness of electronic payments, and low acceptance of payment cards at merchant outlets. However, the government has been encouraging the use of payment cards by promoting the use of payroll cards, lowering interchange fees and merchant service charges, and mandating merchants to install POS terminals. Rising investment in POS infrastructure, the introduction of instant payments, and the advent of digital-only banks will further push electronic payments.

The Argentina Cards and Payments report provides a detailed analysis of market trends in the Argentine cards and payments industry. It provides values and volumes for several key performance indicators in the industry, including cash, cards, and cheques during the review period. The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes during the review period and over the forecast period. It also offers information on the country’s competitive landscape, including market shares of issuers and schemes.

Argentina Cards and Payments

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Argentina Cards And Payments Market Dynamics

Digital-only banks will help accelerate the shift towards electronic payments. Moreover, alternative payments are gaining traction in the country. Amid the COVID-19 outbreak, the government extended the Ahora credit card-based installment program until June 2022, enabling credit card holders to purchase products in interest-free installments. In addition to in-store purchases, the program was extended to online purchases and essential items such as medicine.

Key Payment Instruments in Argentina Cards and Payments Market

The key payment instruments in the Argentine cards and payments market are cash, cards, credit transfers, mobile wallets, direct debits, and cheques. Cash has the majority transaction volume, followed by payment cards. Consumers are gradually shifting to card-based payments. Government efforts, rising investment in electronic payment infrastructure, and the increasing acceptance of payment cards by retailers have led to steady growth in the country’s payment card market.

Argentina Cards and Payments Market, by Payment Instrument

Argentina Cards and Payments Market, by Payment Instrument

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Key Segments in the Argentina Cards and Payments Market

The key segments in the Argentina cards and payments market are card-based payments, e-commerce payments, and alternative payments.

Key Players in the Argentina Cards and Payments Market

The key players in the Argentina cards and payments market are Banco Nación, Banco de la Provincia de Buenos Aires, Banco Galicia, Santander, Banco Macro, BBVA, Banco Supervielle, Banco Patagonia, Brubank, and Banco Credicoop.

Market Report Overview

Market Size (2021) $69.3 billion
CAGR >30%
Forecast Period 2022-2025
Key Payment Instruments Cash, Cards, Credit Transfers, Mobile Wallets, Direct Debits, and Checks
Key Segments Card-Based Payments, E-Commerce Payments, and Alternative Payments
Key Players Banco Nación, Banco de la Provincia de Buenos Aires, Banco Galicia, Santander, Banco Macro, BBVA, Banco Supervielle, Banco Patagonia, Brubank, and Banco Credicoop

Scope

This report provides:

  • Current and forecast values for each market in the Argentine cards and payments industry, including debit and credit cards.
  • Detailed insights into payment instruments including cash, card, and cheques. It also includes an overview of the country’s key alternative payment instruments.
  • Ecommerce market analysis.
  • Analysis of various market drivers and regulations governing the Argentine cards and payments industry.
  • Detailed analysis of strategies adopted by banks and other institutions to market debit, credit and charge cards.
  • Comprehensive analysis of consumer attitudes and buying preferences for cards.
  • The competitive landscape of the Argentine cards and payments industry.

Reasons to Buy

  • Make strategic business decisions, using top-level historic and forecast market data, related to the Argentine cards and payments industry and each market within it.
  • Understand the key market trends and growth opportunities in the Argentine cards and payments industry.
  • Assess the competitive dynamics in the Argentine cards and payments industry.
  • Gain insights into marketing strategies used for various card types in Argentina.
  • Gain insights into key regulations governing the Argentine cards and payments industry.

Banco Nación
Banco de la Provincia de Buenos Aires
Banco Galicia
Santander
Banco Macro
BBVA
Banco Supervielle
Banco Patagonia
Brubank
Banco Credicoop
Banco de Cordoba
HSBC
Industrial & Commercial Bank of China
Banco Santa Fe
Banco Ciudad de Buenos Aires
Banco Hipotecario
Banco Santiago del Estero
Banco del Chaco
Banco Entre Rios
Itaú Unibanco
Banco Columbia
Banco Comafi
Cabal
Visa
Mastercard.

Table of Contents

Table of Contents

Executive Summary

Market Overview

Payment Instruments

Card-Based Payments

Merchant Acquiring

Ecommerce Payments

Alternative Payments

Payment Innovations

Job Analysis

Payment Infrastructure and Regulation

Appendix

Frequently asked questions

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