Banelco (an acronym forBancaElectrónicaCompartida) is anATM network inArgentina. Established in 1985, it offers several services related to cash flow management, includingdebit cards, electronic transfers and service payments.
Banelco is owned by private banks and operates 6.000 ATMs (one third of the total in the country).[1] Its main competitor in the Argentine market isRed Link. The company also operates Pagomiscuentas, anelectronic bill payment service.[2]
Banks in Argentina which maintain Banelco ATMs include: