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Magna

#Bank Transfer#Bill payment#Cash payment#Direct debit

The Magna payment method is a payment system used in Argentina, primarily in the city of Buenos Aires. Magna is a public transportation company that provides bus and subway […]

Certified payment providers 4
Market coverage 1
  • Argentina
Currencies 1
  • Argentina Peso
Description

The Magna payment method is a payment system used in Argentina, primarily in the city of Buenos Aires. Magna is a public transportation company that provides bus and subway services in the region.

The Magna payment method is based on the use of a rechargeable magnetic card called “tarjeta Magnética.” This card allows passengers to pay for their journey by simply tapping the card on a reader located on buses or subway stations. The system automatically deducts the fare amount from the card.

The Magna card can be recharged at numerous sales points operated by the company, as well as at self-service machines located in subway stations. It is also possible to recharge the card online using the Magna website.

In addition to paying for rides, the Magna card can also be used to access discounts and special offers at selected partner businesses. This means that cardholders can enjoy various benefits in addition to using public transportation.

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Frequently Asked Questions

What are the best practices for managing cross-border payments?2023-04-18T18:56:57+02:00

NORBr is a payment orchestrator that connects you to all cross-border payment services providers that can help you manage your cross-border payments efficiently and securely, while also ensuring compliance with relevant regulations. NORBr offers advanced features like fraud detection, currency conversion, and real-time tracking and reporting, which can help you optimize your payment processing for cost efficiency and speed.

What are the risks associated with cross-border payments?2023-04-18T18:57:21+02:00

Cross-border payments can be associated with several risks for you, including currency fluctuation risk, regulatory risk, and fraud risk. Currency fluctuation risk refers to the potential impact of exchange rate fluctuations on the value of your payments. Regulatory risk relates to the complexity of complying with different regulations in different countries. Fraud risk refers to the potential for fraudulent activity, which can be more difficult to detect and prevent in cross-border transactions.

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