The Ministry of Domestic Trade renewed the Now 12 program from today until January 31, 2023 through Resolution 499/2022 published today in the Official Gazette. The program includes 30 items of products and services produced and marketed with Argentine work.

The initiative, launched for the first time in September 2014, aims to promote the consumption of nationally produced goods and services, through credit card purchases, in 3, 6, 12, 18 and 24 installments and at a lower rate than the market rate.

According to the Prisma Means of Payment Index for the first quarter of 2022, 57% of purchases financed in installments were made with the different Now modalities.

Through resolution 490/2022, signed by the Secretary of Domestic Trade, Guillermo Hang, it was established ten days ago that the Annual Nominal Rate (TNA) for payments in 3, 6 and 12 fixed installments is 42%, while for 18 and 24 fixed installments represents 49%.

Source: Telam