International E-Commerce Transactions' Payment Flexibility
The Argentine Central Bank (ACB) issued Communication A 6118 (Communication), which modified Communication A 6037 by providing more flexibility to payments linked to e-commerce transactions. Firstly, the Communication amended the requirements applicable for payments performed through payment processors entities. On the other hand, it also includes the obligation of the local financial institution to issue, at the exporter's request, a certification of the funds received or liquidation of funds.
Secondly, the Communication also incorporated specific regulation allowing payments made by residents to non residents through a payment processor. This new alternative will also increase and accelerate international e-commerce transactions.