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Ripsa

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The Ripsa system was created by the Central Bank of Argentina to facilitate electronic payments and reduce payment processing costs. It is mainly used for B2B (business to business) […]

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Market coverage 1
  • Argentina
Currencies 1
  • Argentina Peso
Description

The Ripsa system was created by the Central Bank of Argentina to facilitate electronic payments and reduce payment processing costs. It is mainly used for B2B (business to business) transactions and enables immediate and secure payments, as well as recurring or scheduled transactions.

Companies that wish to use the Ripsa system must register with the Central Bank of Argentina and obtain approval from their bank. The system is currently used by many large companies in Argentina, particularly in the energy, telecommunications, and finance sectors.

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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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