11 2016 | NEWS
Merchants welcome again
Argentina is back on the map for international online merchants. The new government has recently relaxed several restrictions on the foreign exchange market.
Following the presidential elections in December 2015, the Central Bank of Argentina (BCRA) introduced significant changes to the foreign exchange regulatory framework in force in Argentina. One of the most significant changes was the abolishing of the requirement for authorization to purchase, or transfer, foreign currency. In addition to paysafecard’s current business model with local merchants, these legislative changes now enable paysafecard to activate international merchants through an adapted banking setup. Many globally active merchants, like Kinguin, Pixel Federation or Sixty, have already decided on using paysafecard as a payment option for their Argentinian customers under the new laws. Many others will soon be joining them and profit from paysafecard’s huge distribution network and experience in the market.
DENSE DISTRIBUTION NETWORK
“paysafecard has operated in Argentina since 2008 and has developed a strong brand with a dense distribution network of more than 15,000 POS across the country,” says paysafecard country consultant, Marina Wasserman, “Merchants now can rely on that experience in a market, in which 75 % of a population of 43 million have access to the internet and that will grow significantly under the new legislation in the coming years.”
Should you have any questions about the market launch or the special conditions that may apply for Argentina, please contact your account manager, or send an email to: email@example.com