Latin America · GDP rank #23
Argentina
AR · ARS @ 0.0007140/USD
Two years into Milei-era reform, inflation has fallen from 211% (Dec 2023) to roughly 32% YoY (Apr 2026), the parallel-FX premium has collapsed, and the payments landscape is a three-way contest between Mercado Pago's incumbency, MODO's bank consortium, and a USD-stablecoin retail economy that has reached the second-largest per-capita base globally.
Tab 08
Pulse
The preceding ~90 days of macro, regulation, product, funding and milestone events. Each item is primary-sourced; no trade-press echo.
- 12 days agodata
INDEC: April inflation 2.6% MoM, first deceleration in 10 months
INDEC reported a 2.6% MoM print for April, decelerating from the 3.4% March figure and ending a 10-month streak of rising monthly inflation. Year-on-year inflation eased to 32.4%, second consecutive interannual moderation. The Q1 cumulative 9.4% has effectively consumed the government's 10.1% annual target.
- #indec
- #inflation
- #macro
Source: Rio Times
- 6 weeks agodata
INDEC: March inflation 3.4% MoM, highest reading in a year
March's print of 3.4% MoM was the highest monthly inflation since March 2025. Regulated prices led at 5.1%; core inflation came in at 3.2%. The reading complicated BCRA's rate-cutting cycle and forced Finance Minister Caputo to pre-empt the figure with public messaging about IMF talks.
- #indec
- #inflation
- #macro
Source: Buenos Aires Times
- 7 weeks agom&a
Lemon raises US$60M Series B extension; PSAV expansion plan
Crypto-and-stablecoin operator Lemon closed a US$60M Series B extension to expand its PSAV-licensed retail and B2B stablecoin payments footprint. The raise supports a planned Mexico and Colombia rollout and additional acquiring partnerships under T3.0 QR rails.
- #lemon
- #psav
- #stablecoins
- #funding
Source: Lemon
- 2 months agoregulation
BCRA holds policy rate at 28% after twelve consecutive cuts
BCRA's monetary policy committee held the policy rate at 28%, ending a twelve-meeting cutting streak after the March CPI surprise. Governor Bausili indicated cuts would resume conditional on disinflation re-establishing, with FX unification by year-end remaining the principal anchor.
- #bcra
- #monetary-policy
- #rates
Source: BCRA
- 3 months agomilestone
Mercado Pago Argentina crosses 30M active users
Mercado Libre's Q4 2025 letter confirmed Mercado Pago Argentina now serves more than 30 million active users — roughly two-thirds of the adult population. CVU-anchored T3.0 share remains around 60% despite A 8020 interoperability rules.
- #mercado-pago
- #milestone
- #t3.0
Source: Mercado Libre
- 3 months agolaunch
Nu Argentina confirms H2 2026 launch via Galicia onboarding
Nu Holdings reaffirmed its Argentine launch for H2 2026, with onboarding hosted via Banco Galicia under regulatory cooperation. The arrival is the most material cross-border challenger since Mercado Pago's incumbency hardened post-2021, and is positioned against MODO and Ualá as much as MP.
- #nu
- #launch
- #neobank
Source: Nu Holdings