On March 2, 2026, the Argentine Central Bank (“Central Bank”) created the “Collection by Transfer” (“CCT”) instrument, a new immediate transfer modality designed for the collection of loan installments. CCT must be implemented by financial institutions and payment service providers offering payment accounts (“PSPCPs”) registered in the interoperable wallets registry, and made available to their clients as of August 31, 2026.
CCT shall only be used to collect loans payable in fixed and equal installments throughout the entire term of the loan, and where the installment-to-income ratio does not exceed 30% at credit origination. Regarding execution, the mechanism provides for an initial collection attempt in accordance with the loan terms, followed by up to two additional retries (48 and 96 hours later). The regulation also establishes that reversals are not permitted, and that fraud liability lies with the lender/originating client.
The mechanism requires one-time express consent to debit the account (the client’s receiving account held with the institution receiving the CCT request). It also allows for the immediate withdrawal of such consent, either before the lender/originating client or the provider of the account to be debited.
The regulation introduces the role of the “CCT acceptor,” authorized to offer this collection mechanism and aimed at ensuring interoperability among immediate transfer schemes. It also establishes a remuneration structure, including a minimum fee of 0.6% charged to the lender/originating client and an interchange fee in favor of the provider of the debited account equal to a 40% of the fee charged by the acceptor.
According to the Central Bank, the initiative draws on equivalent instruments in other jurisdictions (e.g., Pix Automático, AutoPay, and PayTo) and contemplates expanding the mechanism in the future to channel other recurring payments.
