Virtual wallet performance is changing: How much profit does $100,000 bring today?

Starting August 1, virtual wallets in Argentina will offer lower returns on funds deposited in their accounts. The Central Bank (BCRA) decided to increase the mandatory reserve requirements for the funds these platforms use to earn interest from 20% to 30%.

This will reduce the percentage of money that can be invested, and thus, lower profits for users. In a context where every percentage point counts, users will notice that the available balances in their digital accounts will yield less each month.

The Central Bank officially increased the mandatory reserve requirement from 20% to 30% on demand deposits managed by funds linked to virtual wallets . These reserve requirements, that is, the portion of money that must be frozen in BCRA accounts, do not earn interest. Therefore, wallets will now be able to invest only 70% of available funds, instead of the previous 80%.

This technical modification has a concrete effect: lower returns for end users. Money that previously earned interest by being in motion will now remain stationary, reducing the profits that wallets can distribute. The impact will be visible in the balances of those who use these apps to save or generate modest returns without resorting to more complex financial products.

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According to a report published by Trascendo on Instagram on July 11, the annual returns currently offered by the main digital wallets in Argentina are as follows:

• Cocos Pay : 33.58%
• Ualá (Uilo) : 30.00%
• Bica Bank : 30.00%
• Brubank : 29.00%
• Orange X : 27.00%
• Prex / Personal Pay / Ualá (FCI) : 25.55%
• Taca Taca (only available in Córdoba): 25.00%
• Lemon Cash : 24.76%
• Banco Supervielle : 24.27%
• Banco Galicia : 24.25%
• Claro Pay : 24.09%
• Mercado Pago : 23.91%
• Astropay : 22.63%
• Letsbit : 22.08%

Additionally, each platform establishes maximum earnings. For example, Ualá pays up to $1,500,000, while Banco Bica pays different percentages depending on the balance. These limits should also be taken into account when estimating the actual earnings that can be obtained.

Using data published by Trascendo as of July 11, one can estimate the yield of an annual balance of $100,000 in each virtual wallet. The values are calculated as an estimate by dividing the annual yield by 12 months:

• Cocos Pay (33.58% annual): $2,798 per month

• Ualá (Uilo) (30.00% annual): $2,500 per month

• Banco Bica (30.00% annual): $2,500 per month

• Brubank (29.00% annual): $2,416 per month

• Orange X (27.00% annual): $2,250 per month

• Prex (25.55% per year): $2,129 per month

Argentine pesos and banknotes for salaries and wages

Gentleness

• Personal Pay (25.55% annual): $2,129 per month

• Ualá (FCI) (25.55% annual): $2,129 per month

• Taca Taca (25.00% annual): $2,083 per month

• Lemon Cash (24.76% annual): $2,063 per month

• Banco Supervielle (24.27% annual): $2,022 per month

• Banco Galicia (24.25% annually): $2,020 per month

• Claro Pay (24.09% annual): $2,007 per month

• Mercado Pago (23.91% annual): $1,992 per month

• Astropay (22.63% annual): $1,886 per month

• Letsbit (22.08% annual): $1,840 per month

These amounts are approximate and represent gross annual profit . They do not include any taxes or possible rate changes. It's also important to consider that many of these wallets set limits on the amount of capital they earn, so if you have more than one account or a larger amount, the actual return may vary.