At the end of 2023, the Argentine market reached 79.5 million debit cards (+5.3% year-on-year) and 39.2 million bank credit cards (-1.2% year-on-year). At the same time, the number of credit card holders remained stable, reaching 25.3 million (compared to 25.2 million in December 2022).
The number of salary accounts increased by 1.6% year-on-year, totaling 9.95 million, while the number of companies that register salary bank accreditation plans grew by 14.6% year-on-year, reaching 555 thousand entities.
In the number of credit card operations, December 2023 shows an interannual variation of 17% compared to 2022, while in volume the growth is 70%. In debit cards, the market grew by 33% in terms of transaction volume, while in nominal volume it grew by 104% year-on-year. And the credit card portfolio volume exceeded 6.4 billion pesos (195% nominal year-on-year growth).
The number of salary accounts increased by 1.6% year-on-year, totaling 9.95 million, while the number of companies that register salary bank accreditation plans grew by 14.6% year-on-year, reaching 555 thousand entities.
In the number of credit card operations, December 2023 shows an interannual variation of 17% compared to 2022, while in volume the growth is 70%. In debit cards, the market grew by 33% in terms of transaction volume, while in nominal volume it grew by 104% year-on-year. And the credit card portfolio volume exceeded 6.4 billion pesos (195% nominal year-on-year growth).
In market share growth in this indicator at the end of the last quarter of 2023, it was Galicia Bank that ranked first with an increase of +0.51 points. They were followed by Banco de Córdoba, HSBC, ICBC Argentina and BBVA in Argentina in the ranking of the five leaders.
In growth of market share in number of debit cards, it was Naranja X that obtained first place with a growth of +0.99 market share points compared to the previous quarter. Banco Macro, Santander Argentina, Galicia Bank and Banco de la Provincia de Buenos Aires have followed with also notable performances.
