Buenos Aires, March 2 (NA) -- The Central Bank of the Argentine Republic (BCRA) has implemented a new modality for immediate transfers that will allow banks and fintech companies to collect installments through direct debits from the accounts where the loans were credited, in a secure manner for individuals.
The instrument, named "Cobro con Transferencia" (CCT), was created by the monetary authority to provide security and transparency in operations between individuals and financial entities, as the Argentine News Agency was able to ascertain.
Subsequently, it will be expanded to channel other periodic payments such as public services.
The new service must be available starting from August 31, 2026.
In its design, similar mechanisms existing in other countries were taken into account – such as automatic Pix in Brazil, AutoPay in India, and PayTo in Australia – as well as various proposals presented to the BCRA by the payment ecosystem during 2025.
Main characteristics In a tweet, the Central Bank highlighted some of the main characteristics of the CCT:
- It only allows for the collection of fixed and equal installments.
- It limits the installment-to-income ratio to 30% in the credit.
- It establishes three collection attempts for each installment.
- It guarantees the explicit and unique consent of the client for the debits.
- It requires the debit notice to the customer one day before it impacts the account.
- It ensures the possibility of immediate opt-out in the modality by the client.
- It restricts its use to financial entities and non-financial credit providers (PNFC) authorized by the BCRA.
The new system introduces the figure of the "CCT acceptor," who will be the only one authorized to offer this novel collection mechanism, fostering competition among actors and ensuring interoperability between immediate transfer schemes, with a rigorous focus on fraud prevention.
With this initiative, the BCRA reinforces its commitment to the expansion of credit, innovation in payment methods, user protection, and transparency in financial operations.
"Also with the strengthening of an open finance system in line with the best international practices," the official communiqué concludes.
