YPF app now allows direct share trading

YPF, Argentina's primary oil company, has introduced a groundbreaking feature in its mobile application, enabling users to directly buy and sell the company's shares. This innovative step, developed in collaboration with Banco Santander, positions YPF as the first company globally to offer such a direct stock trading capability through its own app.

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With this new functionality, YPF becomes the first company in the world to allow the purchase and sale of its own shares from its own application.

The new functionality is designed to democratize investment in YPF, allowing its extensive customer base, who already use the app for daily services like payments at gas stations, to become shareholders. The process is streamlined, mirroring the ease of a digital wallet, and operates during standard financial market hours. It eliminates the need for traditional brokerage accounts, with remote account setup and digital identity verification integrated within the app's ecosystem.

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App YPF consolidates a proposal that allows 'Fund, Remunerate, and Invest' from the same place, in a simple and secure way.

This development is the culmination of a strategic alliance with Banco Santander, which previously enabled YPF app users to earn interest on their balances. The "App YPF" now consolidates a comprehensive financial service, allowing users to "Fund, Remunerate, and Invest" from a single, secure platform.

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First was the possibility of remunerating the balances and now the option to invest in shares is incorporated.

The initiative gains further traction following YPF's 10-to-1 stock split executed on August 3. Previously, YPF shares were among the most expensive on the Buenos Aires Stock Exchange. The split significantly reduced the per-share price, making them as affordable as "a cup of coffee," thereby encouraging broader participation from retail investors. This adjustment was applied to local shares, while the American Depositary Receipts (ADRs) on Wall Street adjusted to reflect the new 10-to-1 ratio.

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the price per unit was automatically readjusted to the zone of $8,155, a price that now allows the acquisition of YPF shares 'for the price of a coffee'.