Three Argentine banking associations have proposed maintaining exclusive control over salary and pension payment channels, sparking strong opposition from the fintech and crypto sectors. The Argentine Fintech Association, representing virtual payment platforms and crypto trading apps, criticized the banks' stance as misleading and an attempt to stifle financial innovation. The association argued that payment security is already regulated and the real issue is the banks' desire to maintain a 30-year monopoly and control over millions of users' choices. Citing data, the association noted that over 40 million digital accounts in Argentina hold balances, equivalent to the national population. Many users transfer their salaries to wallet platforms immediately to earn daily returns, as traditional salary accounts do not offer interest. This shift is driven by users' preference to combat high inflation through more lucrative options.