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Card Payments Of Less Than ¢15,000 Do Not Require Signature or ID

Paying for purchases of ¢15,000 colones or less at Costa Rica retail outlets with credit or debit cards that have a chip or contactless technology no longer require the presentation of ID or have the voucher signed. The change was adopted by the Central...

Costa Rica Credit Card Debt Doubles

The balance of credit card debt doubled in the last eight years, going from US$1.005 billion in April 2010 to US$2.095 billion in April 2018, the Ministry of Economy, Industry and Commerce (MEIC) has revealed, by means of a report prepared by the Directorate...

Costa Rica Credit Card Debt Grows 23%

The number of cards in circulation in the country grew by 9% between July 2016 and July this year, and the balance of debt increased by 23% in the same period. That is the result of the latest quarterly study on credit and debit cards,...

Electronic Banking Takes Force in Costa Rica

(QCOSTARICA) Banks in Costa Rica are making more digital tools available to its customers to facilitate transactions and to avoid the lines at branches. Currently there some 2.5 million credit cards in circulation in Costa Rica. Although EMV cards (also called chip cards or IC cards)...

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