Virtual wallets, such as Market Payment, allow you to obtain a daily income with only the pesos that are available in the account, without having to carry out any operation and with the possibility of having the money when you want. That is, a mechanism with certain similarities to a traditional fixed term, but at this time they present a “detail” What must be considered.
is that while In 30-day bank placements, the Central Bank raised the interest rate, starting in mid-March, from 75% to 78% of the annual nominal rate (TNA), in the system used by Mercado Pago it fell in the same period from 63.9% to current 63.5%.
Under this new logic, iProfessional calculated and compared what is the profit obtained with an initial capital of $100,000 in Mercado Pagoin case of not using that money for 30 days, as happens when constituting a traditional fixed term.
The fact that must be taken into consideration and that explains the difference with a bank performance is that this fintech does not provide a fixed term in technical terms, but instead places the available balance of the users in a common investment fund (FCI) low risk, where the capital entered is managed by an asset management firm. Therefore, it depends on the daily variation in the value of the fund with which it operates, which is regulated by the National Securities Commission (CNV).
Although he has a lower performance than a fixed term and is not reached by the deposit guarantee, its main advantage is that all the pesos that the user has in their app account and are being invested in the fund, are always available to be used, or retiredwhile earning a daily income.
In addition, there is no requirement to leave the money for a minimum time on the platform, nor is there a minimum or maximum amount to place to obtain a profit. Conditions that do require a traditional fixed term, since it does not allow the savings to be available before 30 days from the deposit.
Through the Mercado Pago app, you can generate an income with the money in your account, but there is one detail to pay attention to with respect to the fixed term.
Mercado Pago vs fixed term: how much you earn with $100,000 in a month
Regarding the question about how much a Mercado Pago user will earn who deposits $100,000 in his sight money account, and does not spend that amount for a period of 30 days in order to generate interest, The answer is that after waiting that period, the total capital raised will increase to $105,219..
In summary, if it is decided to invest the capital taken into account in the example during the period of one month, there will be a “extra” of $5,219which is equivalent to a rate of 5.2% per month.
On the other hand, the saver who turns to a fixed term of $100,000 for a period of 30 days, you will achieve $106,410, for the interest of 6.41% per month. Which is the same as saying that they will get around $1,200 more than in Mercado Pago.
The bottom line is that this type of investment It is recommended for those users who have additional money that may require at any time, throughout the month, to pay certain expenses or financial incidentals in the home. It is also useful for users of the platform who are not banked.
And in the case of savers who also have a bank account and who will not require the money in a short time, it will be it is more profitable to opt for a traditional fixed term of 30 days, because you pay a higher interest rate.
Lastly, it should be known that it is very easy to invest money in account in Mercado Pago automatically. It simply requires, for the only time, to go to the “configure investment” option and activate the item that asks if you prefer that all the weights entered are always invested.
If this instrument is not activated automatically, the investment can also be made manually each time a new deposit of pesos is made in the digital wallet.
If $100,000 is deposited in Mercado Pago and kept in the account for a period of 30 days, about $5,219 will be earned in interest.
Market Payment and care versus traditional fixed term
The remunerations offered by Mercado Pago and other fintech virtual wallets are Disadvantage that they offer a lower income than the traditional fixed term and that, in addition, they adjust on a daily basis. Therefore, they do not allow you to accurately calculate the income that will be earned in a given period.
It is that the annual nominal interest rate (TNA) of a Bank deposit amounted is 78% per year and is pre-established before placing the placement. Therefore, it allows earning an income of 6.4% per month.
Unlike that system, By placing the money in the application that belongs to Mercado Libre, the income is variable and is around 63.5% per year. That is, around 5.22% if the calculation is made for a period of 30 days.
This rate is obtained as a result of an “estimate of the profitability obtained during the last 30 days, so that value does not guarantee future returns”indicate from Mercado Pago.
Consequently, the interest offered can go up or down depending on various factors that affect the daily variation in the value of the mutual fund, and therefore does not guarantee receiving the same interest over time.
Likewise, both the income obtained in the traditional fixed term and that of the money in the account in this fintech, They were below March inflationwhich according to various economists was around 7%.
On the other hand, the Survey of Market Expectations (REM)which the Central Bank just reported in April, based on a survey among 40 analysts, projects that in the current month the CPI would be 6.3%, while in May it could drop to 6.1%. That is, only a 30-day deposit would offer a positive income.
