Payment methods in Argentina

South America

9methods

12banks

Argentina is Latin America's third-largest e-commerce market, worth $27 billion, with a near-fully banked population of 41 million internet users. Cards dominate online transactions at 46% - but Argentina's card landscape goes well beyond Visa and Mastercard. Locally issued versions of international cards carry higher decline rates without a local acquirer, and domestic schemes Naranja and Cabal together serve millions of consumers who sit outside the international card networks entirely.

Market takeaways

Argentina is Latin America's third-largest e-commerce market, worth $27 billion, with a near-fully banked population of 41 million internet users. Cards dominate online transactions at 46% - but Argentina's card landscape goes well beyond Visa and Mastercard. Locally issued versions of international cards carry higher decline rates without a local acquirer, and domestic schemes Naranja and Cabal together serve millions of consumers who sit outside the international card networks entirely.
To capture the full Argentine market, merchants need local acquiring infrastructure that covers both the locally issued international cards and the domestic schemes. PPRO processes all major card brands on local Argentine payment rails, including Naranja, Cabal, Argencard, Diners, and more - through a single integration.
Naranja is one of Argentina's most widely held payment cards, with over 10 million cardholders and nearly three million users of its associated app. Originally launched as a retail credit card in Córdoba, it has grown into a full financial services platform. Naranja cardholders shop online regularly - and will not find their card accepted at merchants who only support international schemes.
Cabal is a card network operated by local credit unions, originally from Argentina but now also accepted in Uruguay, Paraguay, and Brazil. Together, Naranja and Cabal represent a segment of the Argentine market that is simply unreachable without a specialist Latin American acquirer. PPRO supports both, alongside the full range of locally issued international cards, through one integration.

Population

45.9M

Online population

41.2M

B2C e-commerce

$27B

Banked population

93%

Payment method breakdown

Card46%
E-Wallet34%
Bank transfer14%
Cash4%
BNPL1%
Crypto1%

Card scheme breakdown

Market data coming soon.

Cross-border e-commerce

Market data coming soon.

Featured payment methods in Argentina

All payment methods available in this market, sorted by prominence.

Rapipago

Argentine cash-payment network where consumers settle online purchases and bills with cash at thousands of agent locations. Operator: Rapipago (Gire S.A.). Est. users: >10,000 payment points; millions of users (2025).

Mercado Pago

MercadoLibre's pan-Latin-American digital wallet and payment account supporting online checkout, QR payments and money transfers. Operator: Mercado Libre (DeRemate.com de Mexico / MercadoLibre S.R.L.). Est. users: ~78 million monthly active users (Q4 2025).

Cuenta DNI

State-bank-backed Argentine wallet with broad merchant discounts, used for QR and online payments. Operator: Banco de la Provincia de Buenos Aires. Est. users: >10 million users (2025).

Uala

Argentine fintech offering a prepaid Mastercard and wallet used for online and in-store payments, also operating in Mexico and Colombia. Operator: Uala (Wanap S.A. / ANG Servicios Financieros). Est. users: Argentina's 3rd-most-used wallet (~20% share, 2025); millions of users.

MODO

Argentine interbank digital wallet (owned by a consortium of banks) enabling QR and online payments linked to bank accounts. Operator: Play Digital S.A. (Argentine bank consortium). Est. users: Millions of users across member banks (2025).

Pago Facil

Argentine cash-payment network for paying bills and online purchases with cash at partner outlets. Operator: Pago Facil (Servicios y Cobranzas S.A.). Est. users: Thousands of locations; millions of users (2025).

Mercado Pago (Uruguay)

Mercado Pago, the financial services arm of MercadoLibre, is strongly established in Uruguay and is one of the most popular digital wallets and payment platforms in the country. It supports credit and debit card processing, QR code payments, P2P transfers, and installment-based purchases. Mercado Pago's integration with MercadoLibre marketplace drives significant e-commerce transaction volume.

Rapi Pago

A prepaid payment service that offers convenient financial solutions, allowing customers to pay bills and make purchases without a bank account.

Pago Fácil

A cash-based alternative that allows users to buy online and pay in cash offline at authorized locations.

Featured banks in Argentina

All banks operating in this market, sorted by prominence.

Banco Santander

Santander, Spain

Banco Santander is Spain's largest bank and one of the world's top 10 financial institutions by market cap. It serves 160 million customers in Europe, North America, and Latin America.

BBVA

Bilbao, Spain

BBVA is Spain's second-largest bank with a major presence in Mexico, South America, Turkey, and the USA. It is known for its digital banking leadership.

Itaú Unibanco

São Paulo, Brazil

Itaú Unibanco is Latin America's largest bank by assets, formed from the 2008 merger of Itaú and Unibanco. It offers retail, SME, corporate, and investment banking.

Bradesco

Osasco, Brazil

Banco Bradesco is Brazil's second-largest private bank, offering retail, commercial, and investment banking as well as insurance through Bradesco Seguros.

Banco do Brasil

Brasília, Brazil

Banco do Brasil is Brazil's largest state-owned bank and one of the largest in the country overall, with a focus on agribusiness, retail, and government banking.

BTG Pactual

São Paulo, Brazil

BTG Pactual is Brazil's largest investment bank and a leading asset manager in Latin America, offering investment banking, asset and wealth management, and corporate lending.

Banco Nación (BNA)

Buenos Aires, Argentina

Banco de la Nación Argentina (BNA) is Argentina's largest state-owned bank, serving as the government's primary financial agent and a key retail and commercial lender.