The Central Bank of Argentina (BCRA) has announced the creation of a new payment instrument called Cobro con Transferencia (CCT), which aims to provide a secure and transparent way for individuals to pay loan installments. The service is expected to be available starting August 31, 2026, and may later be expanded to include other regular payments such as utility bills.
The CCT is designed as a new type of immediate transfer, focusing on fraud prevention and drawing from similar systems used in other countries. Examples include Pix Automático in Brazil, AutoPay in India, and PayTo in Australia. The development also considered various proposals submitted by the payments sector to the BCRA during 2025.
Key features of the CCT include limiting its use to fixed and equal installment payments throughout the contract period. To prevent excessive debt, it restricts the installment-to-income ratio to 30% at the time the credit is issued. The system sets limits on collection attempts for each installment: one initial attempt and up to two retries at 48 and 96 hours, aiming to avoid abusive practices.
Explicit consent from customers will be required once before any debits are made from their accounts. Lenders must notify clients electronically on the business day before any debit occurs. Customers will have the option to immediately withdraw their consent with either the lender or their account provider.
Only financial institutions and non-financial credit providers authorized by BCRA can use this system. The remuneration scheme includes a minimum fee of 0.6% paid by lenders, which will be distributed proportionally among participants, promoting competition among service providers.
Responsibility for fraud is assigned to lenders, aligning incentives for responsible use of this new payment mechanism.
The system introduces an authorized role known as “CCT acceptor,” who will be solely permitted to offer this collection method. This aims to foster competition between actors while ensuring interoperability across immediate transfer schemes.
With this initiative, BCRA states: “the BCRA reinforces its commitment to expanding credit access, innovating payment methods, protecting users, ensuring transparency in financial operations, and strengthening an open finance system aligned with international best practices.”
