SkyMiles is the world's largest frequent flyer program.
Travelers choosing this card will obtain double miles for all their purchases, with a welcome credit of 4.000 to 20.000 miles, depending on the type of card.
"Members of this program have the flexibility of using their Delta miles in any flight, on any day", published Elfinancierocr.com, "this promotion will be valid from August 1 to October 31".
Some of the initiatives presented include suspending legal action to collect credit card debt and regulating the interest rates charged.
Economist Alejandro Aráuz asserts that these initiatives would not represent any harm to local banks.
Laprensa.com.ni highlights the comments of the economist: "At no time would this law affect banks. In this national and international crisis, banks are coming out stronger.
During the first quarter, Credomatic recorded a decline of 3% in credit card use with respect to the same period in 2008.
Credomatic is the strongest participant in the Nicaraguan credit card market with 150 thousand customers, and it processes 70% of the total transactions in the country.
A Prensa.com.ni article reported: "Details by the Superintendent of Banks (SIB) suggested that up to and including December 2008, the country had 384,405 cardholders, while the number of credit cards was 539,331, which indicates that each debtor has more than one credit card."
The effects are already visible, there is a strong reduction in the credit for housing and vehicles, as well as a restriction of credit cards.
This was confirmed by representatives of the sector, after participating in presentation of the fourth report on the economic situation by the Nicaraguan Foundation for Economic and Social Development, Funides.
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.