Among the many different outstanding players in the Argentine economy, it is important to increase peace Banking population of the lowest in the world, with 15% of GDP, between a third and a half that recorded by the major economies of the region and up to a sixth of what is observed in highly developed countries.
One consequence of this phenomenon is not only the poor development of the capital market, but also the absence of a clear culture of savings in an institutionalized financial system, with the consequent limitation of the expansion of loans to families and companies.
It is no wonder, therefore, that under the new policy pursued by the monetary authority, the Central Bank Council, led by Guid Sandleris, decided to authorize banking operations through complementary agencies, commonly referred to as the "bank accountant", in stores and shops. which are characterized by a great influx of the public. It is also in line with AFIP's policy of attacking informality and leaks.
"Bank correspondents can be established through agreements between banks and various networks of businesses or entities – such as gas stations, supermarkets, pharmacies, state postal items," he said. The decision of the BCRA was sanctioned by his Communication A 6603,
"From this measure, people will have access to additional, simple and fast alternatives to accessing the services provided by the bank and will allow them, among other things, to open an account, make a certain amount of time, make payments and obtain loans in places where they usually carry out their day- "stresses the sources of the central bank.
It is estimated that this regulation will especially favor those living far from bank branches and is part of the permanent goal of achieving greater financial integration. For example, cash withdrawal has already been allowed in supermarkets and other companies, operations that have grown in recent months.
"International experiences – in countries such as Brazil, Mexico, Colombia or Peru – have shown that this instrument can open new access channels to the financial system. Banking services become more efficient, improving the living conditions of less affluent population groups, as well as the development of small and medium-sized businesses, "observed the BCRA's technicians to develop this initiative that has grown in recent years.
It is estimated that opening these access points to the banking system will also improve payment processes with more than 14 million benefits that ANSES performs each month, in many cases in areas where access possibilities are difficult to access. banking system due to a shortage of payment agents' branches.
Another major feature of expanding banking through the trading system is that it minimizes transaction costs and supports the formalization of the economy in low population density populations where it does not reach the coverage of traditional bank branches.