Argentine presidential candidate Javier Milei’s proposal to dollarize the economy would be positive for long-term lending in the country where mortgages are largely inaccessible, according to Pierpaolo Barbieri, chief executive officer of fintech company Ualá.

A dollarization of Argentina’s economy would also likely speed up the country’s shift into digital payments, which has accelerated since the pandemic, Barbieri added. Based in Buenos Aires, fintech Ualá offers a slew of financial services including prepaid cards and lending in Argentina, Mexico and Colombia. In its home country, it also offers investments in mutual funds as well as dollar purchases.

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Ualá CEO Says Argentina Dollarization ‘Positive’ For Lending