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In brief

On 30 November 2023, the Central Bank of Argentina issued Communication “A” 7905 (“Communication“), extending the effective date of certain modifications to the National Payments System related to immediate debit (DEBIN) and the interoperability of credit card payments through Quick Response (QR) codes.

In depth

The Communication extends the effective date of the amendments as follows:

  • 1 March 2024: Replacement of DEBIN with the immediate “pull” transfer system for customers who have used the recurring DEBIN as a funding tool up to and including 31 December 2023. From 1 January 2024, customers who wish to deposit funds into their accounts for the first time will only be able to do so by immediate “pull” transfer.
  • 1 February 2024: Interoperability of QR codes with respect to credit card payments.

The Communication became effective on 30 November 2023.    

Click here to read the Spanish version.


Francisco José Fernández Rostello is a partner and member of the Firm’s Banking & Finance Practice Group in Buenos Aires. He has worked for the International Swaps and Derivatives Association and for Société Générale, New York Branch. He is knowledgeable on matters related to issuance of debt, derivatives transactions, local and cross-border financing, and securities transactions.


Gabriel Gomez-Giglio is partner at Baker McKenzie’s Buenos Aires office, chair of the Latin America Banking & Finance Practice of Baker McKenzie and a member of the Global Steering Committee of the Firm’s Financial Institutions Industry Group. He advises clients on a variety of general commercial issues. His practice focuses on the areas of transactional and regulatory matters, including but not limited to multinational financial transactions, commercial agreements and mergers and acquisitions. Gabriel is a member of the Board and Adjunct Professor of Law at Universidad Torcuato Di Tella and a visiting professor with the Centre for Commercial Law Studies, Queen Mary College, University of London.


Juana Allende is an Attorney at Law in Baker McKenzie, Buenos Aires office.


Jeronimo Argonz is an Attorney at law in Baker McKenzie, Buenos Aires office.

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