Overview
- The Senate granted preliminary approval to the labor bill after Article 35, which would have allowed salaries to be deposited in PSP digital wallets, was removed the day before the vote.
- Officials argued PSPs do not have direct Central Bank support or bank‑level capital and responsibility to safeguard pay, saying they would need stricter standards to handle wages.
- The fintech chamber urged the lower house to restore worker choice, citing polling that nine in ten respondents want to decide where to receive their salaries.
- The PRO bloc voiced support for reinstating the option, while banking groups pressed lawmakers to keep wallets excluded, arguing the services lack equivalent prudential oversight and guarantees.
- The deleted article also would have ended the requirement that salary accounts be fully free of charges, and the dispute now focuses on who controls deposits for roughly 10 million formal workers.