US EditionBanks Oppose Virtual Wallets Managing Pay and Retirement Payments
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11 Articles
Argentine banks are opposed to virtual wallets paying salaries and pensions. They warn about possible risks for workers and retirees.
The country’s main banking associations expressed their rejection of the possibility that virtual wallets can be used to pay salaries, pensions and pensions, a measure that could be included in the labor reform. They argued that the traditional system offers a level of security and supervision that digital platforms do not guarantee. ADEBA, ABA and ABAPPRA stressed that the payment of assets within the banking system has been “one of the few suc…
The banks reported their total rejection of the possibility of virtual wallets paying salaries and retirements, an initiative proposed in the labor reform.The discomfort was expressed by the Association of Argentine Banks (ADEBA), the Association of Argentine Banks (ABA) and the Association of Argentine Public and Private Banks (ABAPPRA).The banks expressed their rejection of a measure included in the labor reform: What is it about? was first pu…
The banks came out to reject outright the possibility that virtual wallets can pay salaries and pensions, as proposed by the labor reform. They pointed out that the system of wage payments and retirements in entities with banking authorization and supervision has been one of the few successful state policies that our country has had, according to Noticias Argentinas. ADEBA, ABA and ABAPPRA recalled that the financial system “proved its strength …
The ADEBA, ABA and ABAPPRA entities, which bring together public, private, national or foreign-capital banks, went to the crossroads of the initiative that authorizes virtual wallets to pay salaries and pensions. It was incorporated into the labor reform promoted by the national government. Through a joint communiqué, the entities recalled that the local financial system “proved its strength even during the crises that our country has had to fac…
ADEBA, ABA and ABAPPRA ensured that the system of wage and retirement payments in authorized entities and banking supervision has been one of the few successful state policies that Argentina has had.
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