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Costa Rica Credit Card Debt Up 14%

The number of cards in circulation grew by 13% between January 2017 and the same month in 2018, while the balance of debt on credit cards increased by 14% in the same period. According to a quarterly study on credit and debit cards for 2018,...

Costa Rica Credit Card Debt Up 21%

Between April 2016 and April 2017, the balance of credit card debt in Costa Rica grew by 21%, equivalent to 3.7% of GDP, says a study by the Ministry of Economy, Industry and Commerce (MEIC). The MEIC study, through the Directorate of Economic and Market...

‘Contactless’ Payments Appear In Costa Rica

Q COSTA RICA - Like it or not, 'contactless' pay is quickly making its way in Costa Rica, with more than 2 million cards with this technology already circulating in the country. As of last month (February 2017), the Banco Nacional (BN), BAC Credomatic and...