Naranja X to be remunerated in pesos and plans to invest $1.7 bn

Naranja, the credit card issuer that is part of Grupo Financiero Galicia announced yesterday its transformation into a fully digital company: from now on, it is Naranja X. Currently, more than 5 million users interact with Naranja X. Naranja X’s peso account will soon become interest-bearing, and the company will allocate 160 billion pesos ($1.7 billion) for consumer financing in 2021, to further strengthen financial inclusion and enhance the possibilities of providing a better and broader value proposition to its users.

Source: Ámbito