Almost 50% of Argentine trade, mainly medium and smallwould add this year to the use of digital means of payment in the country, estimated the specialist in means of payment Patricio Vega.
The increased collaboration between all players in the financial ecosystem changed dramatically during the pandemicwhich will be consolidated this year, forcing people to join the global trend of digital transactionsVega considered.
After recalling that the pandemic “significantly accelerated the use of digital payment methods” in the country, he warned that this growth “stagnant during the last months of 2021.”
However, the Worldline Latam specialist is confident that “it will surely take a path of exponential growth again, with Fintech being the path to a greater transformation in the entire financial ecosystem, both in Argentina and in the world.”
For Vega, electronic commerce in the country will maintain a growth of 48% per year until 2027and, that the level observed today was the one expected not before 2025.
This shows the boom that is expected in this matter, he pointed out, and assured that “the companies that support the sector, including processing, wallets, certificates and processing centersamong others, we have the obligation to be prepared for it”.
A key item is the incorporation of segments of the population that needed to carry out digital transactions, he stressed.
After considering that traditional banking “had a hard time getting on this trend,” he stated that “they understood that digital should be part of their normality and that there was a great opportunity to provide solutions and attend to needs from a distance”.
In that sense, he mentioned activities such as opening accounts, allowing transfers and collections, requesting credits, among others.
“Today the entire industry is working so that in addition to expanding the means of payment and transactions to more businesses, they also increase user confidence to use themfor which the inclusion and financial educationas well as information campaigns, both by public and private actors, are essential for this new boom,” he concluded.
