Costa Rica shows credit card potential

Mastercard's vice president of Marketing for Central America says Costa Rica is one of the best potential markets for development of his product.

Friday, June 20, 2008

"It's an emerging market and so the possibilities of development and growth are very big," he said.

More on this topic

GCP launches credit card in Panamanian market

September 2008

It is an automobile card offered by Grupo Corporativo Perez (GCP) which is made up of the following companies: Ricardo Pérez, Tambor S.A., Seguros Centralizados and Tofis.

The card, which is already available in the market, will be issued by Credomatic and will be backed by MasterCard.

MasterCard bets on prepayments

July 2008

MasterCard is betting on the development of prepaid cards not just in Panama but in all of Latin America.

Credit and debit cards have been popular in Panama's market, where most of the population has access to banking services.
The director of sales and product delivery for MasterCard, Max Chion, says there's a long road to travel in the development of new products for the mass market.

MasterCard transactions increase in Latin America and the Caribbean

May 2008

During the first quarter of 2008, cardholders of MasterCard in Latin America and the Caribbean used their cards for 415 million purchases, generating a gross dollar volume of 44 billion dollars. This is a 20.7 per cent increase in terms of local currency compared to the same period in 2007.

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The Farmer Training and Development Program (EDA - Entrenamiento y Desarrollo de Agricultores), aims to increase the productivity, market access and business skills of small- and medium-sized farmers and their employees through technical assistance in the production and marketing of high-value horticultural crops.
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