Mercado Pago goes out in search of more three million beneficiaries of social benefits in Argentina, which They will be able to withdraw their share through the virtual wallet.
The fintech leverages a 2019 ANSES resolution to announce the beneficiaries of the Universal child allowance, Family assignmentsAssignments For pregnancy, Progress and domestic program They will be able to withdraw them through their Mercado Pago digital account. The announcement comes on the eve of a new chapter that the portfolio is having with the banks.
“All beneficiaries who choose to collect their social benefits through Mercado Pago will be able to access a prepaid Mastercard for freecarry out cash withdrawals at participating shops and/or ATMs free of charge. Likewise, they could invest your money in the mutual fund offered by Banco Industrial (BIND) through Mercado Pago e generate daily returns with the possibility of using it at any time, in addition to the rest of the services offered by the platform”, explained the company.
At the beginning of 2019, ANSES had issued a resolution, number 39 of that year, which enabled virtual wallets to receive the payment of social benefits. Then, with the change of government, in the Alberto Fernández era, there was a certain tug of war between banks and portfolios, which, for example, had initially been excluded from the possibility of crediting the IFE (Emergency Family Income) paid by part of the Government during the pandemic quarantine in 2020.
However, a universe of 24,000 users of the app have been able to collect their benefits through this wallet for the last five years.
According to data from Mercado Pago, 65% of these people leave their balances invested in the mutual fund offered by the application and only 8% withdraw cash“The possibility of receiving ANSES social benefits through Mercado Pago has a positive effect on formalization of the economyfinancial inclusion e reduction in the use of cash“, the company said.
This way, Mercado Pago aims to compete strongly with banks, especially to public banks which in recent years have channeled the collection of these social benefits, including through digital wallets, such as the DNI Account, of Banco Provincia or BNA+, of Banco Nación.
“Payments market does not receive any type of commission for offering this service to ANSES”, clarified the company.
Step by step, how to collect AUH through Mercado Pago
The beneficiary can change the collection point in three ways: via “My ANSES”, by telephone at 130 or in person in any UDAI office, and once the change is made there is a maximum period of 60 days so you can start receiving the benefit in Mercado Pago.
If you choose to do it from “My ANSES”, you must:
- Log in to the “Mi ANSES” app, with your social security code.
- Access the “Costs” section.
- Choose “Change payment location”.
- Within the “Payment Method Type”, select “Virtual Wallet”.
- Finally, choose “Mercado Pago”.
Source: Clarin
