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2h ago

Argentina’s Private Wages Outpace Inflation in Interbanking’s October Payroll Snapshot

Accelerating digitalization is reshaping payroll processing with a nascent shift to dollar‑denominated transfers.

Las provincias con mejores salarios promedio fueron las impulsadas por el sector minero y energético

Overview

  • Interbanking processed 2,339,709 salary transfers in October totaling ARS 3.5 trillion, with monthly volumes up 55% over five years.
  • The average salary transferred was ARS 1,483,740, a 35.9% year‑on‑year rise versus 31.3% inflation for the same period.
  • Sectoral gaps were wide as mining and hydrocarbons led with ARS 4,715,251 and 58.6% annual growth, while transport posted the weakest increase at 20.3% with ARS 1,193,560.
  • Provincial disparities persisted, led by Neuquén at ARS 2,659,048 and trailed by Santiago del Estero at ARS 449,603.
  • Dollar payroll transfers climbed from 50 operations in 2024 to 3,239 in 2025 totaling US$2,312,385, which executives link to greater bancarization and API‑driven, real‑time connections.