Mercado Pago first virtual wallet to join Argentina compensation fund

Mercado Pago will enable management of Argentina's Fondo de Asistencia a la Liquidación (FAL) from December 1, with 0% commission for the first year. This marks the first virtual wallet to join the fund, which pays compensation to users of failed financial entities. The move signals fintech integration into Argentina's financial safety net, with other wallets expected to follow.

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