Simple Fee: CAME assures that it will continue

In view of the imminent completion of the program Simple Installment on June 30th, and with the goal of ensuring an accessible financing tool for small and medium-sized enterprises ( SMEs ) across the country, the Argentine Confederation of Medium-Sized Enterprises ( CAME ), together with Payway, has promoted the launch of "Mipyme Installments." This new system will be operational starting July 1st.

The initiative stems from the need for SMEs to access a low-cost, competitive installment financing program for their businesses. "Cuotas Mipyme" (Mipyme Installments) seeks to revitalize consumption and sales in the retail sector. The program is aimed at SMEs with a valid certification, as registered with the Secretariat of Small and Medium-Sized Enterprises and Entrepreneurs (Sepyme).

Thus, it will offer 3- or 6 -installment options with promotional rates, cover the same categories as the Cuota Simple program, and even incorporate imported products. A key aspect is that the installments will not have a financing cap. Ricardo Diab, president of CAME, emphasized the importance of this tool: "It is essential for small and medium-sized businesses to have installment financing with low interest rates to gain competitiveness against promotions and offers from large retailers. Installments will continue for SME retailers throughout the country."

For his part, Emiliano Porciani, Chief Business Officer of Payway, emphasized his company's commitment: "We support and care for the businesses of SMEs so they can continue to grow. For this reason, we believe it is essential that they continue to have installment financing options at competitive rates, without being affected by the end of Cuota Simple ."

With "Cuotas Mipyme," CAME and Payway reaffirm their commitment to the development of small and medium-sized businesses, offering them a vital tool to maintain and boost commercial dynamism in the current economic climate. Thus, businesses that already operate with Cuota Simple through Payway will automatically access the Cuotas Mipyme program and have the same financing options (13 for 3 installments and 16 for 6 installments). Payway businesses that are not affiliated with Cuota Simple can do so by logging into Mi Payway (https://mi.payway.com.ar) and selecting Cuotas Mipyme. Finally, businesses not affiliated with Payway must log in to https://mi.payway.com.ar, join Payway, and then join Cuotas Mipyme.

Below are all the items included in the new financial tool developed by CAME and Payway:

• Clothing and footwear: clothes, shoes, accessories, etc.
• White goods: large appliances such as refrigerators, washing machines, etc.
• Small appliances: toasters, blenders, etc.
• Furniture and mattresses: household items.
• Bicycles and motorcycles: vehicles for personal transportation.
• Construction materials and tools: sand, cement, bricks, etc.
• Medical equipment: respiratory therapy equipment, wheelchairs, etc.
• Personal care services: hairdressing, beauty.
• Tourism: tickets, hotels, excursions.
• Alarm installation services: electronic security.
• Event planning services: catering, photography.
• Books and stationery: materials for study and reading.
• Shows and cultural events: tickets to concerts, plays, etc.
• Cell phones with 4G and 5G technology: mobile devices.
• Computers, notebooks and tablets: electronic devices.
• Glasses and contact lenses: optical articles.
• Lighting fixtures: lamps, spotlights, etc.
• Musical instruments: pianos, guitars, etc.
• Toys: items for children.
• Machinery and tools: for domestic or professional use.
• Tires, accessories, and spare parts: for cars and motorcycles.
• Educational services: courses, training.
• Repair services: for vehicles, appliances, etc.
• Kit for connection to water and sewage services: for home installations.
• Kit for connecting to satellite internet services: for areas without traditional internet access.
• Electronic security: video surveillance cameras, alarms, etc.