Business

Ualá meets with Argentina's government and pledges to hire 750 people in the country

Hiring is part of Ualá's investment plan of ARS 5.7 billion to continue developing an ecosystem of payments in Latin America

Photo: Courtesy/Ualá
  • Ualá will invest ARS 5.7 billion in Argentina this year;
  • The open positions are mainly for technology, systems, digital product, marketing, and user experience.

Argentina‘s answer to Brazilian Nubank, fintech Ualá announced it will double the size of its team in Argentina, hiring 750 people during 2021 to reach a staff of 1,500 by the end of the year. The open positions are mainly for technology, systems, digital product, marketing, and user experience.

READ ALSO: Argentine fintech Ualá begins its expansion across Latin America with the launch of operations in Mexico

Hiring is part of Ualá’s investment plan of ARS 5.7 billion to continue developing an ecosystem of payments aimed at financial inclusion in Latin America and solutions that contribute to the economic development of people.

READ ALSO: Ualá to acquire Wilobank: from a digital wallet to main Argentina’s neobank

“The fintech is in dialogue with the government and they will invest in Argentina, Ualá can hire resources from anywhere in the world, that’s how tech companies work, so what they are saying is that they will invest in 2021 in Argentina,” commented Ignacio Carballo, professor, and director of Fintech Ecosystem at the Universidad Católica de Buenos Aires. 

READ ALSO: Argentina’s fintech Ualá doubles the number of cards issued in 10 months

On Twitter, Matías Kulgas, Argentina‘s minister of development, said he had met with Ualá’s CEO, Pierpaolo Barbieri, for the presentation of the firm’s investment plan for 2021 in Argentina

READ ALSO: Ualá exceeds 100,000 debit cards issued in Mexico, its second Latin American market

“What would we assume with this? Ualá recently acquired Argentina’s first neobank, Wilobank, and will now be able to pay pensions, which was only possible with a banking license. So we can expect this approach with the government will also provide that,” commented Carballo.

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