Those who lead a largely sedentary life, or otherwise exercise little, run a higher risk of dying from a corona infection or a more serious disease course, say the authors of a study of 50,000 people that appeared in the British Journal of Sports Medicine on Tuesday. Male gender, advanced age, diabetes, obesity and cardiovascular disease have so far been associated with a higher mortality rate. A shortage of exercise has now added to that.
People who were physically inactive in the two years prior to the outbreak of the corona pandemic are more likely to have to be admitted, end up in intensive care and die, the researchers conclude.
Only an advanced age or an organ transplant in the past are stronger indicators predicting a serious disease course, according to the scientists. According to the authors of the study, physical inactivity is more serious for the course of the disease in a corona infection than, among other things, smoking, obesity or high blood pressure.
To learn more about the variables that influence disease progression, the scientists examined data on 48,440 adults who became infected with the coronavirus in the United States between January and October 2020. The mean age in the group was 47 years. About 60 percent of the group consisted of women. The mean body mass index was 31, slightly above the obesity threshold.
Comparing the data, it emerged that Covid patients with little or no physical activity are twice as likely to be admitted to hospital, compared to the most active group. In addition, the risk of ending up in intensive care is 73 percent higher, and physically inactive patients are 2.5 times more likely to succumb to Covid-19.
Compared to other patients who exercise or exercise regularly throughout their lives, physically inactive corona patients are 20 percent more likely to be hospitalized, 10 percent more likely to end up on IC and 32 percent more likely to die from Covid-19.
The monetary authority developed a series of tips to clear the doubts of bank customers and users of financial services
The central bank released a series of questions and answers to clear up common doubts from users of the banking and card system in Argentina.
They range from canceling a banking product or service, to filing a claim with the BCRA, including what operations can be carried out from a savings bank, among other topics.
Here are the 10 key tips from the Central Bank for users of the financial system:
1. What are the main rights of users of financial services?
Users of financial services have the right to receive a fair and dignified treatment, to the protection of their security and economic interests; to obtain adequate and truthful information about the terms and conditions of the services that they contract, as well as to receive a copy of the instruments that they subscribe and to freedom of choice.
People with reduced mobility have the right to priority care and, if they have visual difficulties, they must be provided with the appropriate instruments for their access to financial services.
For those who have exercised the right to have their identity recognized, financial entities are obliged to rectify the identity and reprint all the essential elements such as debit card, credit card, account statements and others. In addition, the entity must guarantee dignified treatment on issues of gender, modesty and privacy.
2. How to turn to the people responsible for customer service in banks?
All banks are required to report at least a person responsible for customer service as owner and one as alternate, with a contact telephone number and email. The Central Bank publishes this information on its website. To find out who are the persons responsible for each Obligated Subject: https://www.bcra.gob.ar/BCRAyVos/Responsables-Atencion-cliente-Bancos-companias-financieras.asp
Financial companies, card issuers and other entities covered by the regulations on the Protection of Users of Financial Services also have the obligation to inform those responsible for customer service.
Banks: they must have people responsible for providing customer service channels.
3. How can a product be unsubscribed?
Banks should allow account closure at any branch –Not necessarily in the filing of the account– as well as through electronic means (mail, telephone, homebanking, ATM).
Even with outstanding debts, a credit card can be canceled. Only in that case may they require that the procedure be carried out in person, at any branch.
When requesting the cancellation, the entities cannot charge any charge or commission, except for the sending of the physical summary and the eventual recovery of a debt not canceled.
It is important to always ask for proof of the procedure carried out or the management number. If debts are registered, they will not be able to demand their cancellation as a condition to revoke or terminate the service.
Acceptance of a product or service can be revoked within a period of ten (10) business days from the date of receipt of the contract or the effective availability of the product or service, whichever occurs last, with reliable notification or by the same means in which the service or product was contracted.
4. How to file an unresolved claim with the Central Bank?
The claim must always be made first at the bank and the bank must inform the assigned procedure number within a maximum period of 3 business days.
If 10 business days have elapsed since the claim and no response was obtained or it was not satisfactory, the claim can be formalized before the Central Bank at this link: https://www.bcra.gob.ar/BCRAyVos/Reclamos-no-resoluciones .asp
5. How do you know if you have a debt with a bank?
The Central Bank of the Argentine Republic has the Central Debtors Office, which is a registry that shows debts or amounts with financial entities for non-payment of loans or credit cards for the last 24 months. It also shows if there are any bounced checks, other credits, or provincial tax debts. To consult the information, you must enter with the CUIT at https://www.bcra.gob.ar/BCRAyVos/Situacion_Crediticia.asp
The information published in the Debtors Central is provided by banks and other entities, therefore, if you want to make a request for rectification, updating, deletion and confidentiality in the registry in the Debtors Central, you should contact the entity that reported these data to the Central Bank and, if the claim proceeds, it corresponds that the entity requests the BCRA within 10 calendar days of the request, that the modifications in its databases be made.
Financial products: if the banks do not resolve the claims, the clients can go to the Central Bank.
6. How can you access a free bank account?
There is Universal Free Account (CGU), which is a savings bank in pesos, with opening, maintenance, fund movements and free balance inquiries. It is necessary to have a DNI and not have another bank account. Includes a debit card to make purchases in stores and access the ATM.
It has no opening or maintenance costs. Balance inquiries can be made at ATMs of different banks and networks in the country. To learn more: https://www.bcra.gob.ar/Noticias/Relanjando-Cuenta-Gratuita-Universal.asp
All Savings Banks in pesos are free to open, maintain and provide a debit card.
7. What operations can be done from an open savings bank to pay for social assistance plans or programs?
These are accounts that are opened at the request of the National Social Security Administration (ANSES) for the beneficiaries of an assignment such as the AUH, plans and programs of social assistance.
Accreditations are accepted for all concepts, but there is a limit (established by the National Council for Employment, Productivity and the Minimum, Vital and Mobile Salary).
This type of account allows movements free of charge, such as: account opening and maintenance, withdrawals at all ATMs in the country without amount limits, cash withdrawals at the counter, as well as purchases and / or cash withdrawals with the credit card. debit.
8. What modality exists to establish a fixed term?
Can be done Fixed deadlines Through the website or mobile banking of any bank, which will debit the funds from the account in pesos of origin. Banks cannot charge commissions or fees for the use of this fixed-term modality, nor can they establish limits on amounts.
There are different alternatives for fixed-term investments and the bank may offer them. Like the traditional fixed terms, at a minimum of 30 days, and the pre-cancelable fixed terms in UVA that aim to provide an attractive alternative for savings in local currency, adjustable to the evolution of prices at a positive real rate. They admit the option to cancel it after 30 days. They offer an interest rate that cannot be lower than UVA + 1% nominal per year for those who opt for the 90-day term.
You can consult the rates offered by entities for fixed terms online and choose the most convenient alternative: https://www.bcra.gob.ar/BCRAyVos/Plazos_fijos_online.asp
9. When are the transfers immediate?
The immediacy of the transfers applies to natural or legal persons who are holders of a savings account, a salary account or a checking account.
The amounts of immediate transfers in pesos, per day and per account are:
Up to $ 125,000 for ATMs.
Up to $ 250,000 for homebanking.
On specific occasions, and due to security issues and preventive controls applied by entities, there could be some delay in accreditation.
10. How much do you charge to withdraw cash from an ATM?
It has no cost for the holders of debit cards associated with salary accounts, retirement payments or social plans. They have the benefit of withdrawing cash from any ATM, regardless of which bank or network they belong to.
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After the end of the freeze, the amount of the quotas exploded and thousands of families were unable to cover the payments. The Government still does not give answers
The scenario for those affected by the thawing of the UVA credits it does not stop winning in drama. While the official decision persists not to bring solutions to the more than 105,000 families now facing the unfreezing of quotas, the banks began to move the chips and the first executions for non-payment have already been activated.
The first resonant case corresponds to Marcelo Macaluso, a mortgaged from San Rafael, Mendoza, who was just notified that your home will be evicted and then auctioned. The mortgaged in question, father of 4 children, obtained in 2017 a loan from the UVA system of 2 million pesos.
Due to the effect of inflation and the post-freeze adjustment, added to the amounts due to non-payment, Macaluso went to duty 9 million pesos.
“Two years ago he stopped paying due to various complications. The main one: he has a personal loan and that caused his salary to be garnished. That is why he could not continue complying with the UVA. A week ago they informed him that, for not paying, he was they will execute the house, “he commented to iProfesionala spokesperson for the Hipotecados UVA organization.
Macaluso himself acknowledged that even by selling the property he could not raise the debt and cancel the mortgage.
“We took the loan from Banco Nación for 2 million pesos, about 102,000 UVA, for 30 years. In the beginning it was normal, the first installment was 13,900, from the second onwards the loan was normal and we paid about 9,000. But from then on, it became more complicated due to the increase in the quota, “he said.
“The capital owed rose monstrously, the debt became more and more expensive and today the bank executes me for 9 million pesos. I stopped paying in April 2019 and the fee was close to 20,000 pesos and what I owed was 4 million. We tried to prioritize it because it is your roof, but I was also getting into debt in other things. We didn’t even have enough to eat“, he exposed.
Since UVA mortgaged they anticipatediProfesionalthat there are also executions when falling in Tierra del Fuego, Buenos Aires and La Plata. This weekend, the organization launched a campaign to demand political responses to this extremely complicated instance that thousands of families go through throughout the country.
“The Frente de Todos gave its house –reference to Marcelo Macaluso– and that of each family #HipotecadosUVA to the financial system. Today they touched us all. Alberto Fernández, it’s time to choose between the people or the banks“says the request that circulates on social networks.
The first execution began in Mendoza and similar processes are taking place in other provinces.
Properties for sale
As this media recently stated, the ruling party barely accompanied the end of the freeze with a convergence plan of 18 installments, always with the prospect of ending the amounts that were pending from the suspended payments stage. For the mortgaged, the decision represented a backpack of lead: they face a heavy payment while the installments continue to rise due to the effect of prevailing inflation.
“In the collective we find that every day there are 4 to 6 families who take the difficult situation of putting their home up for sale“, said toiProfesionala representative of Hipotecados UVA. Without failing to point out that, to top it all, the sale of real estate continues to be paralyzed, which is why there is no immediate exit for the indebted.
Débora is one of the mortgaged women who, together with her husband, have just made the decision to part with their home due to the impossibility of meeting the payments.
“We took a Procrear UVA in December 2017. We had signed up on several occasions in the previous one. We were raffled in the management of Macri. We started with a low fee of 6,000 pesos, today we are paying more than 26,000. To have our house we ask an amount of 940,000 pesos, we received the subsidy that ANSES gives you, and the rest we put in. Today we owe the bank 3 million pesos, “he told iProfesional.
“Unfortunately, we had to make the decision to put the sale sign on the house. They frozen the quota but not the UVA, so it continued to increase. At the time, what was arranged is the possibility of deferring quotas. We opted for that measure during the pandemic, but March was the last that could be deferred and now in April we have to face the payment of the quotas, “he added.
The interviewee remarked that, while inflation never stopped accelerating, “our quotas did not stop increasing.”
“We are talking about increases of more than 300 percent in just 3 years. Today there is talk of a basic basket of 60,000 pesos. It is very complex to face all the increases that support a family implies plus the usury that UVA credits represent, “he said.
There is also the situation of Romina and her family, who in September 2017 agreed to a financing of 3 million pesos in initial installments of 20,000. Today they owe 9.5 million pesos and face monthly payments of 75,000.
In dialogue with iProfesional, Romina expressed that it is “impossible to pay the quota”, in addition to pointing out that “when (Alberto) Fernández took office, in his campaign and together with Cristina Kirchner, they promised us a solution to our problem and we are waiting. Unfortunately, they look the other way. “.
“We need help. We want to pay. We are working people, we do not want subsidies. But this debt, which is unpredictable, cannot be paid by anyone. We have two children. Either we pay or we eat. I had to put the house up for sale because we don’t see any other solution“, he stressed.
Matías, meanwhile, took out a UVA loan in 2017 for just over 1 million pesos to acquire a PH. From December of that year to this part, your debt rose to 3.6 million pesos. “Due to all this situation, this debt that is a snowball and with the uncertainty of not knowing what you are going to pay next month, with my partner we have decided to put the apartment up for sale,” he told this medium.
More than 100,000 families face major complications in meeting the updated fees.
An expanded drama
The first freeze was imposed in 2019 and the unpaid amount was to be prorated last year, but the emergence of Covid-19 led to an extension of the measure.
After the successive interruptions, 2021 was reached in which, since March, the borrowers began to face an updated installment due to inflation and a fraction of what was not paid since 2019 to this part. Those who accessed the UVA during the macro period, according to the provisions of the Government, have to cover these recharged amounts for at least 18 months.
UVA increased more than 305 percent between 2016 and 2020 while wages in the same period hovered around a 245 percent rise. The loss of payment power of those who accessed the loans would continue to deepen this year, always based on projected inflation.
At the end of January, the organization that integrates the mortgaged ones stated that, given the inflationary scenario, “without freezing and without the possibility of deferring until the end of the credit, -the UVA- will become a time bomb that will be impossible to pay. “.
The bomb finally exploded. And, along with the loss of homes that began to generate its expansive wave, the only thing that has been left standing is the absence of political will to guarantee the continuity of the roof to thousands and thousands of families.
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The chronicler Jerónimo Mura presented a symptom of Covid-19 in full coverage of a news item, causing laughter and discomfort in the driver
An unusual moment mixed concern and tension in Eduardo Feinmann’s El Noticiero de La Nación + when the chronicler Jerónimo Mura presented a symptom of Covid-19 in full broadcast, causing laughter and discomfort in the program’s host.
Feinmann was talking with the young journalist, who was on a mobile phone at the Constitución station to cover the population controls after the new restrictions by the second wave of the coronavirus pandemic.
One of the security measures installed at the train station is a kind of digital thermometer in a thermal camera, the results of which are displayed on a screen, and the movilero went there at the request of the presenter of LN + and Radio Rivadavia. “Let’s see, put on you to see how much temperature you have“Feinmann asked the reporter of the news signal.
The tone of the talk changed when Mura’s temperature that appeared on the sensor was over 37 degrees., oscillating between 37.3 and 37.8, a measure that is already considered a low-grade fever, and that in these times turns on the alarms in the face of a possible positive case of Covid-19.
“It just seems to me that it was at 37.4,” Jerónimo said as he positioned himself in front of the camera. “Ah, well, we’re in the oven,” the lawyer from the study quickly replied.
Eduardo Feinmann’s reaction
The host of El Noticiero first asked his partner if he was close to the mobile camera, assuming that the light from it could cause his body temperature to rise. However, the cameramen present on the floor told him that this was not possible.
Being denied, Feinmann started laughing and he launched: “This is live television. As a friend of mine would say, why did I ask you to take your temperature? Look at the rampage I just did.”
Worried, the political analyst asked the chronicler to get back in front of the thermal camera, and it continued to throw 37.7 degrees. “We are complicated”, assured the movilero.
“You look at one thing, the rest of the people who pass are all with 36“said the driver with a smiling tone.
Far from the laughter of Eduardo Feinmann, Dr. Claudio Zin seriously told Mura to have a test done to find out whether or not he was infected with the coronavirus and is Covid-19 positive.
Eduardo Feinmann lived an uncomfortable moment on the air
“More true than this, television cannot be. A thousand apologies, Jero,” concluded the presenter of La Nación Más.
Minutes later, Jerónimo Mura came on the air again to bring everyone calm and disclosed that its elevated temperature was the product of an approach to the thermal camera sensor.
The chronicler exemplified this by slowly approaching the device, and it was seen how his temperature on the screen went from 36 to 37 depending on where he walked.
“Ah, but that’s crap then,” Dr. Zin shot indignantly.
This well-known youtuber predicts a capitalization of US $ 1 billion for two of the currencies. Others of the altcoins mentioned are in the testing phase
Investor Lark Davis, who is responsible for a popular YouTube channel dedicated to cryptocurrencies, pointed to five low cost assets promising for investment, because you think they will grow in the future.
The five altcoins, as non-bitcoin cryptocurrencies are called, are represented on the Binance stock exchange, one of the largest exchanges.
“You should be looking for the coins that have high potential, but maybe the market is not paying enough attention to them right now,” Davis stated at the beginning of his video.
The first on his list is the Polygon (Matic) coin, which currently costs $ 0.36, after growing 2,608% in one year. Despite the current low price, its market capitalization has already reached $ 1.8 billion.
“Despite the high market capitalization, I currently believe that it is a coin that the broader market does not seem to understand at the moment,” Davis stated, adding that its ecosystem is larger than many other currencies with higher capitalization.
These crypto assets are called
Davis then mentioned the active Injective Protocol, which he called “beast”. This system belongs to the group of decentralized finance (DeFi), which does not depend on central financial intermediaries, such as banks, but offers traditional financial instruments.
At the moment, Injective Protocol is in the testing phase, but now you can buy its ‘tokens’ – at about US $ 15 each – and carry out transactions without commission thanks to Layer 2 technology.
At the moment, the market capitalization of Injective Protocol is estimated to be approximately $ 240 million. Meanwhile, the investor believes that, after the launch of the main network, this index will exceed US $ 1 billion.
Marlin is the third altcoin Davis chose for his video. It is “a ‘blockchain’ network with a focus on providing a high-quality infrastructure for” decentralized finance. According to the investor’s words, Marlin allows other ‘blockchain’ networks to improve their operation.
Its price is now $ 0.24, while the market capitalization equals more than $ 170 million.
These cryptocurrencies are going to grow in the future
Regarding Kava, which is the fourth currency listed by Davis, he stated that “it is a very underrated decentralized finance protocol”, and Very powerful. The investor said that he monitored this altcoin for a long time and expressed his confidence that it will be able to reach a capitalization of $ 1 billion. It is currently 408 million and the value of a ‘token’ is $ 7.
Kava DeFi works as a decentralized bank that allows users to lend, borrow, or earn on its platform. In addition, it produces a series of products for the market.
Davis noted that the fifth altcoin in his ‘top’, Open Ocean, is “an aggregator that works on centralized exchange services” in order to find the best prices for users. It works with “most popular chains and applications,” including Ethereum and Finance Smart Chain.
Open Ocean is in the coin offering phase. Meanwhile, he claimed, the system has promising prospects, as the Binance cryptocurrency exchange is its main investor.
It is currently trading at US $ 1.75 and has a capitalization of US $ 746 million.
Why the CEO of Binance has part of his wealth in cryptocurrencies
The CEO and founder of cryptocurrency exchange Binance, Changpeng Zhao, revealed that almost 100% of its assets are in cryptocurrencies and said that What he liked the most about this currency is that it has no borders and that it can be transferred from one country to any other without being limited by people or intermediaries.
“I don’t have Fiat money,” the executive said, referring to the money by decree. He added: “The few physical things I own are probably negligible in terms of my net worth.”
In an interview published in Bloomberg, the manager defined his financial strategy staff as a “change of concept” and assured that he does not use his cryptocurrencies to buy Fiat money (money by decree), or to buy houses or other goods.
“I also do not plan to convert my cryptocurrencies into cash in the future, I just want to keep the cryptocurrencies,” he said.
Although he did not report on which crypto assets make up his portfolio, he confessed that he follows a hodl (hold) strategy. Through it, the cryptocurrencies are kept in the portfolio not only waiting for their monetary revaluation, but also as part of a philosophy that supports a vision decentralized money.
In that sense, CZ (as his friends call him), defines himself as “one of those guys who value liquidity much more than owning something. In fact, I’d rather have nothing. ”
Add so it does not own neither house nor vehicle, precisely because they cannot be exchanged so easily. Therefore, you prefer to rent an apartment or stay in a hotel. A decision that, in his opinion, gives him much greater liquidity.
In your early days, you were advised to convert 10% of your net worth into Bitcoin
Ideas you learned from the beginning
The executive, a native of China but trained in Canada, says that He learned many of these ideas during his beginnings in the world of cryptocurrencies, in the past decade.
During a poker game he had in 2013 with Bobby Lee, CEO of BTC China, and his investor Ron Cao of Lightspeed China Partners, they told him that he should convert 10% of his net worth into Bitcoin, “because there is a small chance that it reaches zero and you will lose that 10%. But there is also a high probability that it will increase 10 times, and you would double your net worth. ”
“I bought some bitcoin and then I used it, I played with it. I liked it right away,” Changpeng said. He added: “I sold my apartment to buy bitcoin and I also quit my job.”
How much will bitcoin be worth at the end of the year
“Bitcoin will probably grow 5-10 times this year,” said the founder and CEO of the Binance exchange, Changpeng Zhao. For him, the pioneering cryptocurrency could reach a price of between $ 150,000 and $ 400,000 in 2021.
This is how the manager, better known by his initials CZ, expressed himself in an interview he had with the Hong Kong media Forkast News, which was published on January 29, 2021. As he said, other crypto assets would increase in price as well, to a greater or greater extent than bitcoin (BTC).
“Of course, there is also the possibility that we will enter another crypto winter,” said the businessman, referring to a prolonged bear market like the one that occurred between 2018 and part of 2020. For him, the chances of this happening now are low, although he assured that Binance is prepared to face both scenarios.
Bitcoin could reach a price of between $ 150,000 and $ 400,000 in 2021
In the dialogue, CZ mentioned Elon Musk, although the interview was published hours before the founder of Tesla expressed his support for bitcoin on his Twitter account, a fact that was reported by CryptoNews.
“I wouldn’t be surprised if, in a few months, he [Elon Musk] announce that Tesla finally owns I don’t know how many bitcoins and that would be good for the industry, “Zhao said. He added with a laugh,” I imagine probably [Elon Musk] he’s buying a lot of bitcoin right now, “although he clarified that he does not have any private information on the matter.
The executive is convinced that the institutional adoption of BTC will increase during 2021, and it will be to a greater extent than there was in 2020. With reference to corporate investors, he ruled:
Those guys have a lot of money and there’s probably about $ 60 trillion in the US stock market alone. If we look at derivatives and other things, that’s even bigger. So I think just that probably will raise the price of bitcoin and other cryptocurrencies quite significantly.
In his dialogue with the digital media platform, CZ also mentioned his expectations for the future of decentralized finance protocols (DeFi). He said he is skeptical that the ‘heat’ of 2020 will be seen again: “I think it will continue to grow, but we don’t need to see another crazy exponential leap“.
Binance is the exchange with the largest market volume (almost $ 35 billion in the last 24 hours). Its participation in the cryptocurrency market also includes a Bitcoin mining pool (the second with the highest hashing power) and the CoinMarketCap database.
The vaccination could become a race against time. After all, at any moment a corona mutant can emerge that outsmarts the vaccines. In Israel, it has already been established that the South African variant is better able to “break through the Pfizer / BioNTech vaccine defense” than other forms of the virus.
One of the authors told AFP news agency on Sunday that their study showed that the South African variant is relatively successful in infecting vaccinated people. That does not say anything about whether you can still become seriously ill if you have been vaccinated.
Tel Aviv University researchers compared 400 unvaccinated and 400 partially or fully vaccinated people. According to the study, published as a draft on Saturday, the South African variant accounted for less than one percent of infections in Israel. “But among the 150 people who were fully vaccinated and received Covid-19, the variant was eight times more common than in unvaccinated people,” the researchers said.
“This means that the Pfizer / BioNTech vaccine, although it has a very high effectiveness, may not offer the same protection against the South African variant (B.1.351),” it sounds.
“The South African variant is able to break through vaccine protection to some extent,” said Tel Aviv University professor Adi Stern. Stern emphasizes that it has not been investigated whether the infected people also became seriously ill, despite their vaccination. “Since it only concerns a very small number of infected people, it is statistically meaningless to say anything about it.”
The fintech has just agreed to purchase 100% of Wilobank’s shares, so it will be able to expand the service offering to its 3 million users
The year is just beginning its second trimester, but registration will probably have to close for the most important fintech news of 2021.
On Friday, Ualá announced that it had reached an agreement to absorb 100% of the shares of the digital bank Wilobank, Founded by EduardoEurnekian, who will join the firm’s board of directors.
Thus, the company created by Pierpaolo Barbieri –Who will turn 34 on May 17– combs his manes to appear in the photo of the Argentinian unicorns.
It will be the first in the fintech sector and is preparing to compete with other giants in the region such as Mercado Pago and Nubank. But also, you could set a new map of local banking.
Super Bank 4.0
The intention of Ualá is to maintain both companies separately, although within a same ecosystem. In this way, they will be able to take advantage of synergies and carry out crossover of services between users of the two applications.
Santiago Mora, director and professor of Fintech Law programs at the Universities of San Andrés and Di Tella, affirms to iProUP that both companies will benefit each other as follows:
Uala: “What Payment Service Provider (PSP), you need to link with banks to get your CVU and to have depositedthemoney of users as required by the Central “
Wilobank: “It will serve you a lot because will acquire technology to be more agile and robust “
“The main value is to have bought the banking license“, shoots, without hesitation, Ignacio E. Carballo, director of the Fintech and Digital Banking Ecosystem of the UCA, in dialogue with iProUP.
According to the expert, “this will allow you to reach a model like Orange X: provide different benefits such as purchase of dollars, fixed termss and the possibility of participating with ANSES in assignmentssocial, something that the BCRA does not allow fintech companies. ”
Ariel Setton, specialist in means of payment, agrees on the value of the banking license and affirms that in this way “Ualá will be able to capture deposits and remunerate themUnlike what it does now, which places them in a third-party mutual fund. ”
But being a bank it will also be able to provide financial intermediation, that is, use the depositors funds to offer loans. Although Ualá already allows buying on credit, it does so with its own capital. If you obtain the permission of the Central, you will be able to increase the lines and improve the rate of your loans.
In this sense, Carballo affirms that a “very important point is that Ualá could also enter the business of Credit and debit cards, allowing users the purchases in installments and the international payments“Something that now provides with the prepaid, but provided that you have funds in the account.
But it also highlights that it could offer greater benefits to the MiPyme and retail segment, to which the firm arrives today with the Ualá Cobros devices, a segment that grew almost 87% last year.
On the road to being the largest fintech in the country, only one rival arises for Ualá to beat: Payment Market, which already has more than 4.7 million accounts.
Although Carballo affirms that “they continue to be very different models, because the unicorn has a multinational scale and the marketplace “, the expert remarks that the Barbieri firm will be able to differentiate itself with” the possibility of offering fixed terms, sale of dollars and even salary accounts“.
Precisely, allowing employees to receive their salary through their virtual account was a “objective“which, as reported iProUP, I was chasing the unicorn and then it was truncated.
For his part, Setton agrees that he is not a “River-Boca”, however, he warns a differential with which Ualá will have with respect to Marcos Galperin’s fintech.
“MarketPay broke the alliance with Patagonia and you will no longer have the associated credit card, but still maintains its prepaid, which issues about 30,000 per day. I imagine they are focusing your loan solution on Mercado Crédito as an alternative “, adds the expert.
In addition to the prepaid, Ualá users could access credit and debit cards
In this sense, Carballo remarks that the Brazilian Nubank, the main digital neobank in the West with a valuation higher than the u $ s10,000 million and delayed disembarkation in Argentina, will appear as the Ualá’s main rival.
“Have a similar business model: a financial company, not so much an ecommerce. His main barrier to reaching the country is the macroeconomy: change of rules of the game and of government “, says the expert.
The conversion of Barbieri into a “banker 4.0” is celebrated by analysts in pursuit of a renovation of the financial system local. In particular, for the open banking, a system that allows users to choose to share their banking information with other applications and obtain new services (see infographic).
“Barbieri is going to have a chair in the banking sector and among the issues will definitely put open banking into the negotiation. He comes pushing the subject a while ago and it will have more margin “, confides Mora, who worked in the Financial Innovation Tables of the BCRA in the previous management of the institution.
Carballo assures that he “loves that he can be in dialogue with the banking sector. His role as a champion of open banking and financial innovation is fundamental.”
“It is very interesting howel target fintech-millennial enters the traditional market and start to change it and transform it. The mindset de Barbieri is very disruptive, dynamic and starter. That is badly needed by the bank, “he completes.
At this point, Setton assures that the CEO of Ualá “support more competition since its inception and open banking is that, although in Argentina we are far of it happening “.
“Yes I find it interesting to know what will happen to Wilobank, who was going to join WAY“, says the expert, in relation to the wallet launched by more than thirty entities to compete in the market for digital transfers and payments, and which has Brubank as the only associated digital bank.
Carballo also highlights the new scenario that is proposed with MODO. “I called him the closed open banking. Being a digital bank gives Ualá the possibility of stand in a different way: if you manage to play your cards well, until could be part of the consortium from Play Digital, “he adds.
The noise generated in the industry by the news of the operation contrasts with the silence of both companies, which dodge public statements on the subject for avoid interference in the evaluation that will start on central bank in order to approve the merger.
The relationship between the two firms had started on the wrong foot. Founded at the end of 2017, Ualá filed an opposition to the trademark registry to prevent the Eurnekian entity from being called Wanap, arguing that both applications they had a sonorous resemblance.
To avoid court delays and become the first digital bank in Argentina, the entity was renamed Wilobank. Later they joined Brubank, by the former Citi Juan Bruchou; Rebanking, renamed to Reba because it has a financial company license (inherited from Grupo Transatlántica) and not a bank; Y Bank of the Sun.
However, the Eurnekian digital bank could not take advantage of that advantage. According to the latest figures from the BCRA Financial Entities Information report, Wilobank has some 240,000 accounts.
This is less than 10% of Brubank’s 3 million, which registered a explosive growth in the second half of 2020, largely thanks to the sale of dollars at a better price than traditional entities and the Basic Emergency Income (IFE), from which fintech were left out.
As of press time, Uala counted more than 2.7 million users and in the next few hours would announce that it exceeded three million. If the merger with Wilobank is approved, it will be the largest digital bank in the country.
By partnering with Corporación América, Ualá could accelerate its regional expansion
Not only that, it has 750 employees and will double that number by 2021 ahead of its ambitious goals for this year. Bloomberg already assumes that it is one step away from becoming a unicorn: its valuation ranges between 850 and 950 million dollars.
According to sources consulted by iProUP, the talks between the two companies began around August. Curiously, that month but 2019, which coincided with the primary elections, was key for both firms:
“Eduardo is always looking for new businesses, alliances and to see how to grow the operation,” he says to iProUP a manager who knew how to deal with Eurnekian on a daily basis.
Although the banking license is the main asset offered by Wilobank, the businessman of Armenian descent to join as investor advisor and you will have your chair next to Tencent and Softbank. Sources who preferred the off-the-record they affirm to iProUP that there are other strategic issues you could bring to the table:
International expantion: Corporación América has a “base” in several countries in the region, which would allow a soft landing of Ualá in strategic markets beyond Argentina and Mexico, where it already operates
Synergy: the holding company owns Unitec Blue, a smart card factory (banking, telephone, transportation, etc.) based in Chascomús that supplies plastics to Wilobank and other entities
Trajectory: experience in business in various fields and connections
The digital banking scene will be hotter than ever. Brubank, Reba, Banco del Sol and the recent transformation of Naranja X must be added to OpenBank, the proposal of Santander to be released this year. To see the Wilobank reloaded we will have to wait for the approval of the BCRA.
“The authorization has to go through the Directory. These are procedures that usually take three quarters. It depends a lot on the quality of the presentation and the need to demand more information “, they warn iProUP from the monetary authority.
Thus, the firm led by Barbieri could have the benefits of a banking license at the end of the year and transform its entire portfolio of services. By then, probably, Ualá has already galloped its first kilometers as a unicorn.
Beirut – Thoraya Shaheen – The artist, Nisreen Tafesh, published a new photo of her through the story feature on her personal account on “Instagram”.
And Nisreen Tafesh appeared in the photo with a Ramadan look.
The star, Nisreen Tafesh, said that she embodies the character of “Rehab” during the events of the series “Al-Madah”, which is expected to be shown in the Ramadan drama season for this year, noting that the character is a rural girl, and her father is financially capable and affluent, and although she was educated in the city, she is proud of her belonging to her rural environment.
Nasreen Tafesh added that a complex love story arises between her and Saber Al-Maddah (Hamada Hilal), and from here the series’ events start, indicating that it embodies a complex and not easy character, and the audience will always feel surprises while watching.
“Nisreen” continued that she appears in the series in the veil during a number of episodes, not all, pointing out that director Ahmed Samir Farag was the one who chose this “look” for her in cooperation with May Al-Bayadi, confirming that she did not interfere with the character of the series, and that the series makers They have more knowledge of the culture of this environment that her character belongs to in the series.
The series takes place in a social context, as it discusses many social issues that the audience prefers to watch in the Ramadan race.
A journalist practicing the profession of spoken and written journalism, and I work in collecting and disseminating news in all details and everything related to international and local political and artistic events and translation
The card that Mercado Libre and Banco Patagonia had together will become only from the financial institution. How can this change influence you?
Via a statement Payment Market Y Banco Patagonia announced that their credit card will become exclusive to Banco Patagonia and will no longer belong to the Mercado Libre payment ecosystem. At the moment, the entity will only offer three interest-free installments in Mercado Pago and in Free market Fridays.
The credit card emerged years ago and gave special benefits such as 12 installments without interest or personal loans. It was intended as a financial instrument to “take advantage of the pothole of those who are not banked.”
Mercado Libre’s payments division explains that “the only difference is that the benefit of the three interest-free installments in Mercado Libre and in payments in businesses attached to Mercado Pago will only be on Fridays.”
In the short term, Mercado Pago will communicate with users to offer new benefits regarding the decision. Like the digital wallet, Patagonia promises the same: “Soon, we will contact you to tell you in detail about an exclusive offer”, they announce in the official email.
What if you want to unsubscribe?
First, you have to enter the Patagonia eBank, the digital branch of the entity. Second, in the case of not having a user, you have to register. Once inside the platform, you have to click on “Cards”. Then, select “Card registration and cancellation”. Finally, cancel the Mercado Pago and Banco Patagonia card.
On the other hand, it is also possible to cancel it in a physical branch. Due to the pandemic, you have to take a turn and go to the branch to cancel the card, InfoTechnology indicated.
There is a ‘hyper focus’ on the vaccines and their side effects, experts warn. We would rather focus on the full ICs and how we can prevent them from overflowing.
Professor of Immunology Marjolein van Egmond explains at the NOS: “A vaccine can sometimes cause the same kind of reaction as the disease itself. For example, people with swine flu sometimes developed narcolepsy, just like a small number of vaccinated people. confused and attacks a part of its own body. ” This is now also the case with corona vaccines.
The fact that this side effect has not been noticed before is because it is so rare. The vaccine has been tested on a large group of people, but of course not on millions. “The side effect is so rare that it will only become noticeable when millions of people have been vaccinated,” said Van Egmond.
That is also the difference with other vaccines, explains professor by special appointment of vaccine development Gideon Kersten. “Under normal circumstances, if you introduce a new vaccine, you use it maybe 250,000 times a year. Then those side effects come in drop by drop. Now the side effects are becoming apparent more quickly, it is in the news a lot and it may seem worse than it is.”
The thrombosis side effect appears to occur with other vaccines in addition to AstraZeneca. “But are you going to pause the vaccination with these vaccines? You can’t keep doing that. Ultimately, for most people the chance of getting serious disease from corona is much greater than the small chance of this side effect. Both risks must be taken into account. explained, so that people can make their own decisions, “concludes Van Egmond.