Buenos Aires, March 2 (NA) – The Central Bank of the Argentine Republic (BCRA) has enabled a new system for collecting loan installments through immediate transfers, a tool aimed at modernizing payment methods and compared to the Brazilian Pix model. According to the Argentine News Agency, the measure will allow banks and fintechs to debit installments directly from the account where the loan was credited, always with the customer's prior consent and under strict user protection rules. What is the BCRA's Immediate Transfer Collection (CCT) The new mechanism is called 'Cobro con Transferencia' (CCT) and uses the infrastructure of immediate transfers in Argentina's financial system. Unlike traditional automatic debit, this system operates on electronic transfers that work 24/7, allowing for greater speed and predictability in payments. The scheme is designed exclusively for: Fixed and equal installments. Loans previously credited to an account. Operations with the customer's explicit authorization. How does the immediate transfer installment collection work The system establishes a series of conditions to protect the user: The installment cannot exceed 30% of the customer's income. Up to three collection attempts can be made for each due date. Consent will be unique and can be revoked at any time. The customer must receive prior notification before each debit. In this way, the BCRA seeks to reduce delinquency and provide greater transparency in the consumer credit payment process. Why it is compared to Brazil's Pix The measure was compared to Brazil's Pix system because both use immediate transfers as a central tool for digital payments. Pix revolutionized the Brazilian financial system by allowing instant payments between individuals, merchants, and companies. In Argentina, the CCT aims to apply the same technological logic, but initially focused on collecting loan installments. When the BCRA's new system comes into effect The Central Bank established that the tool must be available from August 31, 2026. It is expected that, in addition to loan collection, the mechanism can be expanded in the future to other recurring payments, such as services or bills.
