Argentina

PSPCP License

Argentina: PSPCP License


We are pleased to address you to send you the proposal for professional services for the development of a legal vehicle and the application for the PSPCP license from the BCRA. Additionally, the proposal may also include the comprehensive development of the internal and external compliance unit in the field of Anti-Money Laundering/FT according to the guidelines and needs established above. 


In an increasingly regulated and constantly evolving business environment, compliance with regulations and norms is fundamental for the success and sustainability of any organization, especially those operating in the Fintech sector. Recognizing the importance of maintaining integrity and transparency in operations, we are pleased to present our service proposal. 


The objective of this technical proposal is to provide advisory and design services for the formation of a Limited Liability Company and the application to the National Securities Commission's Virtual Asset Service Providers registry. Additionally, and according to the quality of Obliged Subject of the UIF for PSPCPs, the development of a comprehensive Anti-Money Laundering and Terrorist Financing prevention program in accordance with Law 25.246 and other UIF regulations (76/19). This program will enable the company to meet the necessary requirements to offer its new digital financial services safely and legally.

Company setup with Payment Service Provider (PSP) CP License (gaming & gambling friendly) in Argentina; regulated by BCRA.


Payment Service Providers that offer payment accounts:


  • IBAN issuing (CVU), send, receive and transfer.
  • Local ARS, instant transfer & USD account.
  • Prepaid & Debit cards issuing.
  • Card acquiring, card processing.


PSPCP License in Argentina allows for the following:


  • Opening and Managing Payment Accounts
  • Processing Payments
  • Issuing Payment Instruments
  • Enabling Electronic Transfers
  • Providing Payment Gateway Services


PSP cost: from 29,900€


*Time line: ~3 months


**At present, the PSPs in Argentina are regulated to process transactions only in Argentine Pesos (ARS). However, there is significant pressure on the BCRA to allow these companies to issue CVUs (IBANs) in USD as well. This regulatory change is anticipated soon and will position PSPs to meet the requirements for USD transactions.


Once restrictions are lifted, the demand for PSPs will increase, likely driving up costs and extending timelines. By booking a PSP now, you can lock in the current pricing and ensure readiness to leverage USD processing capabilities as soon as they become available.


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