Among the many different Argentine economic entities that are still in place, it is important to increase the degree The activity of the population of banks, one of the lowest in the world, is at 15% of GDP, one third to one half, recorded by the region's major economies, and up to sixth of what is highlighted in the high-income countries.
One of the consequences of this phenomenon is not only the development of a bad capital market, but also a lack of a clear austerity culture in an institutionalized financial system, thus limiting the distribution of lending to families and businesses.
It is therefore not surprising that Guild Sandler, the central bank's board of directors, as part of the new monetary policy implemented by the monetary authority, has decided to conduct banking operations with additional agencies, commonly referred to as "bank correspondents" in shops and stores. service stations characterized by a large influx of people. It is also in line with AFIP's policy to attack informal evasion and tax evasion.
"Bank correspondents can be established through contracts between banks and various corporate or corporate networks, such as gas stations, supermarkets, pharmacies, public post," he said. The BCRA decision was sanctioned by its help Notice A 6603.
"From this event, people will have an additional, simple and fast alternative to accessing the services provided by the bank, including allowing them to open an account, set a deadline, make payments and receive loans at places where they normally do their daily activities," emphasizes the central bank sources.
It is estimated that this regulation will specifically support those who live far away from banking branches and are part of a permanent goal of greater financial integration. Thus, for example, cash withdrawals were already enabled in supermarkets and other companies that have increased in recent months.
"International experience – in countries such as Brazil, Mexico, Colombia or Peru, they have shown that with this tool they can open new channels of access to the financial system. Banking services become effective inclusive, improving the living conditions of disadvantaged groups, as well as the development of small and medium-sized enterprises, "observed BCRA technicians to move forward with this initiative, which had fallen in recent years.
It is estimated that opening up these access points to the banking system will also improve payments related to more than 14 million ANSES privileges each month, in many cases in areas where access to access is difficult. banking system due to lack of payment representatives' affiliates.
One of the biggest signs of expansion of banking through the trading system is that it reduces transaction costs and facilitates the formalization of the economy in those population groups with low demographic density where the traditional branch of a bank does not cover.