Credit Cards: Demand up 9%Between May 2019 and the same month this year, the number of credit cards circulating in the Salvadoran market increased by 9.2%.Monday, July 27, 2020
According to figures from the Observatory of Credit Cards (OTC), of the Consumer Defense Office, in May 2020 there were 876,197 credit cards circulating in El Salvador, which is more than the 801,822 registered in the same month of 2019. Source: elsalvador.com ¿Busca soluciones de inteligencia comercial para su empresa?Do you need to understand the new environment of the financial products market? Contact UsNeed assistance? Contact us
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Financial Services: What are Consumers Looking for?October 2020 Between July and October 2020, the number of people in El Salvador exploring mortgage options online increased by 18%, and the number of Costa Rican consumers looking to buy credit cards decreased by 60%. Credit Downwards: What Factors Affect Them?August 2020 Suspension of contracts, uncertainty about the economic future and reduction of salaries, are some of the factors that have affected the banks in Panama to place fewer loans in this context of health crisis. El Salvador: Loan Portfolio DownwardsAugust 2020 Given the outbreak of covid-19 and the imposition of restrictions on economic activity, between February and June of this year the amount of loans granted by the banking sector reported a 1.2% drop. Financial Services: Business Potential in Central AmericaJune 2020 At a regional level, nearly 16 million people are looking to purchase financial services online. Of this group of consumers, approximately 11% are exploring options for acquiring a credit card.
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