A comparative analysis of costs and nominal annual interest rates has been released giving details for the first week of May 2013 for credit cards and financing cards.
From information published by the Consumer Authority of Panama:
"Credit Card: Magnetic instruments, electronic instruments or other technology related to a credit agreement contract previously concluded between a financial intermediary and another person, in order to facilitate a lease or obtain goods and services or obtaining cash from businesses affiliated to the system. "
The process is in the final stage. Once the required technical aspects have been approved, the permits to operate would be granted.
Luis Armando Montenegro, Superintendent of the Financial System (SSF), reported that the Board of Directors of the Superintendent will receive the case no later than June 10 for its approval.
German Rivas reported statements by the Superintendent which are published by Laprensagrafica.com: "To date, the required capital complement is missing. Due to a legal adjustment, it went from $14 to $16 million, of which $14.2 million have been deposited; a deadline of June 30 was given for the complement. The bank would begin operations with 23 agencies and nationwide coverage. It would generate more competition and thus result in greater credit access."
Technisys is the omnichannel digital banking company. It offers technology solutions that allow banks to stand out through their customer experience, increase their sales and dramatically reduce their time-to-market when it comes to launching new financial services. Technisys culture lies on its innovation, its human capital talent and its vision of the future. The digital age represents an unprecedented growth opportunity for the financial service providers, and Technisys helps its customers to differentiate and capitalize it.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (506) 2256 7168