💳 Digital Wallets in Argentina: Did your wallet also become an app?
By FinGuru - June 2025
In recent years, digital wallets went from being a novelty to a daily habit for millions of Argentines. More and more people -especially young people- pay with their cell phones, charge their SUBE from an app, invest without leaving home and split expenses with friends with a single click.
But... do we really know everything we can do with these virtual wallets? How secure are they? Which one should we use? We tell you about it in this note.
What is a digital wallet?
A digital wallet is an application that allows you to manage your money from your cell phone. With it you can:
Pay with QR in any store
Send and receive money between contacts
Invest in fixed term, funds or even cryptocurrency
Charge your SUBE or your cell phone
See how you spend your money, with graphs and alerts.
In other words: it's like having your bank in your pocket, but without having to go to a bank.
🇦🇷 How big is the phenomenon in Argentina?
Very big. Look at these data:
89 % of young people between 16 and 24 years old use some wallet.
In rural areas or popular sectors, it is the main way to handle money.
Its use has tripled in only 4 years.
Many people use them without having a bank account.
🥇 Today's most used wallets
Wallet Ideal for... Mercado Pago Payments with QR, services, sending money Ualá Budgets, prepaid card, investments Modo Integration with banks Prex Expenses abroad, currency exchange Lemon / Belo Buying and selling crypto with simple interface.
🎓 Wallets and financial education: what do they have to do with each other?
A lot. Wallets today are the first contact with personal finance for many people. From schools to private courses, more and more are taught with these apps as a real tool.
They help to visualize your expenses.
They encourage saving with automatic functions.
They allow you to invest from very low amounts.
And they also serve to understand how digital money works.
🧠 5 functions you (maybe) didn't know you had in your wallet
You can split an account with friends without having to do any calculations.
Reminds you of due dates for services.
Create an automatic budget month by month.
Some give you daily interest or cashback.
You can buy crypto from $100 to start understanding how it works.
⚠️ But, be careful: you also have to be careful.
Wallets are not magic. Using them wrong can cost you dearly.
Be careful with your password, facial recognition and don't share data.
Never enter suspicious links (phishing).
Always check the terms when you invest or ask for an advance.
Not all of them have the same level of support or security.
If you use the wallet wisely, it can be your best ally. If not, it can be one more trap of express consumerism.
💡 Conclusion: your money, your rules (but with tools).
In a country where saving has always been difficult, wallets have arrived to make things a little easier. They don't solve everything, but they allow you to control your money better, spend with awareness, start investing and, above all, understand your finances from practice.
Are you already using any of them and do you know how to get the most out of them? In FinGuru we will continue to accompany you with guides, videos and courses so you can use these tools to your advantage.
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