3 FinTechs streamlining cross-border payments in Argentina

By Delisha Fernandes

FinTech companies are rapidly transforming the way individuals conduct transactions and operate finances. One such area where FinTechs have a significant influence is in simplifying cross-border payments. In Argentina, FinTech companies leverage technology to develop innovative solutions that enables sending money internationally easier and more cost-effective.

According to statista the Digital Payments market, is expected to amount to 30.61m users by 2027. With the development of digital platforms and rising globalisation, cross-border payments have become essential to modern business and personal finance in Argentina.

Let’s look at 3  FinTechs that streamline cross-border payments in Argentina

• Brubank

Brubank is an Argentina digital bank. Headquartered in Buenos Aires, Brubank is a financial technology company offering mobile banking, as well as other financial services. It associates all its users accounts to a Visa debit card. It also offers exchange service between United States dollars and Argentine pesos and time deposits in those currencies.

• Nubi

Nubi is an Argentina FinTech, founded in 2017, which has forged alliances with PayPal, VISA, Transferwise and Ripple in the country. Nubi provides an ecosystem of financial solutions that helps indiviuals meet their life goals, renewing the link with their money.

• Ualá

Ualá is a FinTech company whose mission is to bring Latin American financial services into the 21st century. Through an app and an international Mastercard card, it offers an innovative and integrated experience. It also brings the unbanked into the financial system by offering cheaper and more convenient services than any other alternative.