Financial Cards and Payments in Venezuela - New Market Report
A negative combination of persistent inflation, even in the presence of extensive price controls, and scarcity of staples and personal hygiene products are forcing Venezuelan consumers to change not only their consumption habits but also their choice of payment medium. Venezuelans are willing to sacrifice quality for price but are also increasingly purchasing any staple good they can find at any price. In order to accomplish this type of urgent purchases they are using cash and debit cards more...
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