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Plastic Money in Nicaragua

tarjetas-de-credito-460x300TODAY NICARAGUA – Between December 2013 and December 2014 loans to cardholders increased by 27% while the number of inhabitants having possessing at least one card reached 800,000.

At the end of 2014 it was reported that 800,000 Nicaraguans who are cardholders have on average two credit cards. In the same period, the banks of the National Financial System approved a total of 810,000 loans with credit cards, and reported that about 45% of all registered purchases were paid for using plastic money.

The economist Alberto Ramirez told Elnuevodiario.com.ni that “… Growth in consumption of cards in different business segments, is largely due to a big improvement that has been made in ​​commercial establishments.These people are finding benefits in electronic transactions and they are increasingly understanding how new consumers are replacing cash with electronic payments.”

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“… The increased use of these plastics is presented in commerce, including vehicles, beauty, construction and entertainment as well as department stores, airlines and supermarkets. ” “… In 2014 the amount approved for loans with credit card totaled $263 million versus $218 million through December 31, 2013. ”

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