Payment Service Providers that offer payment accounts:

• IBAN issuing (CVU), send, receive and transfer.
  
• Local ARS, instant transfer & USD account.
  
• Prepaid & Debit cards issuing.
• Card acquiring, card processing.

Payment Service Providers (MSB) in Argentina offer a range of services including IBAN issuing (CVU), sending, receiving, and transferring funds, as well as providing local ARS, instant transfers, and USD accounts.

PSPCP License in Argentina allows for the following:

• Opening and Managing Payment Accounts
• Processing Payments
• Issuing Payment Instruments
• Enabling Electronic Transfers
• Providing Payment Gateway Services

PSP cost: from 34.385 EUR

*Time line : 3 months

**At present, the PSPs in Argentina are regulated to process transactions only in Argentine Pesos (ARS). However, there is significant pressure on the BCRA to allow these companies to issue CVUs (IBANs) in USD as well. This regulatory change is anticipated soon (Q4 2024 - Q1 2025) and will position PSPs to meet the requirements for USD transactions.

Once restrictions are lifted, the demand for PSPs will increase, likely driving up costs and extending timelines. By booking a PSP now, you can lock in the current pricing and ensure readiness to leverage USD processing capabilities as soon as they become available.