COELSA, Argentina's largest electronic clearing house, processes approximately 15 million transactions per day. The company handles an estimated 70% of the country's interbank immediate transfers. COELSA connects 61 direct and 235 indirect participants. In the first four months of 2025, the company cleared 1.36 billion electronic transactions. Total value in that period reached ARS 94.4 trillion. Volume grew 12.3% year-over-year. Immediate transfers accounted for 92% of total volume.
QR code payments through the COELSA network reached 714 million transactions in 2025. That figure represents an 83% increase over 2024. The average QR transaction value was ARS 20,027. Electronic cheques in circulation grew 27% to 34.2 million. During the four-day Carnival 2026 holiday, COELSA processed more than 65 million immediate transfers. The holiday total reached ARS 2.75 trillion in value. Transfer volumes over the holiday rose 17% compared to the same period in 2025.
Argentina's digital payment ecosystem now comprises 322 million accounts, averaging eight per person between bank accounts and fintech wallets. National push transfer volumes hit 753 million in December 2025, up 24.8% year-over-year according to the BCRA. COELSA launched cross-border instant transfers with Brazil's PIX in early 2026, processing more than 10,000 transactions in its first operational days. The BCRA's Cobro con Transferencia framework, effective August 31, 2026, will introduce installment collections via account debit.