Although in Colombia, Venezuela and Peru use of pre paid cards is widespread in Central America they are only in the initial stages of implementation.
Having successfully piloted in South America, MasterCard and Visa intend to introduce and expand the use of the prepaid card in Panama, where the use of this product is in an early stage, as well as the rest of Central America.
Guatemala will install prepaid card systems on buses between 2009 and 2011 for $35 million.
The system aims for the bus drivers to avoid having to carry cash since the service will only be available through prepaid cards.
According to a note from ACAN-EFE in prensa.com, the 3 thousand buses that circulate throughout Guatemala City must be fitted with the necessary technology to recognize the prepaid cards. The purchase of these units will be done through tenders on the Guatecompras website.