Mercado Pago Poised to Get Banking License in Argentina - LatinFinance
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10 Articles
Juan Curutchet, director of the monetary authority, anticipated it at the financial sector event and added that Revolution would also have its license within that time frame.
The Central Bank of the Argentine Republic (BCRA) will authorize before the end of 2026 the license for Mercado Pago to formally operate as a banking entity. The decision, advanced by the director of the agency and superintendent of financial institutions, Juan Curutchet, will allow the digital payment platform to transform into a 100% digital bank...
The director of the BCRA Juan Curutchet anticipated that Mercado Pago y Revolut could receive their bank licenses before the end of 2026. If they were to materialize, both Fintech would expand their scope to offer financial services in Argentina.
Juan Curutchet, director of the Argentine Central Bank, anticipated at a financial sector event that the firms will obtain their licenses before the end of this year.
The Free Market platform could obtain before the end of the year the banking license that it processes since 2025. The entry Mercado Pago was one step away from becoming a bank: the BCRA set date to disembark was first published in #BorderJournalism.
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