Central Bank of Argentina introduces collection by transfer instant transfers for secure loan repayments from 31 August 2026

The Central Bank of Argentina has created a new instrument, “collection by transfer” (cobro con transferencia, CCT), to enable secure and transparent collection of loan instalments from individuals using a new type of instant transfer. The central bank indicated the same mechanism could later be extended to other recurring payments such as utility bills, and the service must be available from 31 August 2026. CCT is limited to collecting fixed and equal instalments over the term of an agreement and introduces several guardrails, including a 30% instalment-to-income cap at credit origination, limits on collection attempts for each instalment (one initial attempt plus up to two retries 48 and 96 hours later), and a requirement for one-time express customer consent before debits can occur. Lenders must notify customers electronically one business day before debiting, consent must be withdrawable immediately via the lender and the account provider, and use is restricted to Central Bank of Argentina-authorised financial institutions and non-financial credit providers (PNFCs). A minimum 0.6% fee is payable by lenders with proportional distribution among participants, and the lender is liable in the event of fraud. The framework also creates a new role, the CCT acquirer, as the only entity authorised to offer the collection mechanism, with the stated aim of encouraging competition and ensuring interoperability across instant transfer schemes.