Digital lenders lure unbanked Argentines out of shadow economy

MARIA Rosales, 39, is one of millions of less affluent Argentines locked out of the traditional financial sector. The former cruise ship worker lost her job in 2015 and has relied on her family for financial support to stay afloat since.

Now her small pot of savings is in demand from a new group of lenders: digital banks on the hunt to mop up funds from the country’s huge shadow economy.