El Salvador: Study on Credit Cards Being Conducted

The Superintendent of Competition conducted a study on the credit and debit card market between April and August.

Tuesday, March 31, 2009

Journalist Daniel Choto wrote in Elsalvador.com: "The research will include an analysis of legislation, marketing strategies, management, costs, pricing policies and interests, as well as licenses to operate such services. What is sought, among other things, is whether there is a dominant position of one issuer."

More on this topic

Credit and Debit Card Market in Costa Rica

January 2014

At the end of October 2013 the number of cards in circulation amounted to 1,723,306.

A press release from the Ministry of Economy, Industry and Trade of Costa Rica reads:

Costa Ricans owe in total $1,496 million in balances on credit cards, which is an increase of $21.5 million (1.46%) compared to the latest study by the Directorate of Economic and Market Research, according to the cut made up to October 31, 2013.

Study on Credit and Debit Cards

October 2011

The Costa Rican Ministry of Economy, Industry and Commerce has released a quarterly survey of credit and debit cards relating to data up to April 2011.

The quarterly survey conducted by the Ministry of Economy, containing data up to April, shows that there are 29 credit card issuers in the country, which together offer the market a total of 369 types of cards.

Costa Rica: Consumers Owe $ 1.173 Million in Credit Cards

March 2011

The Economy Ministry presented the quarterly survey on credit and debit cards, through October 2010.

Regarding credit cards during for this period, there were 29 issuers with 403 types of plastic.

If debt was distributed equally among the economically active population, it would represent a per capita debt of $ 837, which is almost double the minimum wage.

Panama: Project for Changing Credit Card Law

October 2009

Its main objectives are setting fixed interest rates and limit customer's credit card debt.

The project also proposes to regulate credit card issuers, by forcing them to obtain a banking license awarded by the Banking Superintendence.

From laestrella.com.pa: "Alcibiades Vásquez, project sponsor, considers regulation is needed, as there is a lot of abuse, and no limits for credit nor interests".

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