Regulatory Alerts2026-07-14 | A 8454Added · Updated
Circular SINAP 1-249: Payment Service Providers. Update.
The Central Bank of the Argentine Republic issued Circular SINAP 1-249 to update the regulatory framework for Payment Service Providers (PSPs) by incorporating modifications from Communications A 8411 and A 8432. The document defines specific PSP functions, establishes exclusion criteria for operators and shareholders, and mandates registration with the BCRA for entities offering payment accounts or performing initiation, acceptance, and acquisition roles. It details the procedural requirements for registration, including necessary documentation, compliance declarations, and the issuance of an inscription certificate, while outlining sanctions for non-compliance.