New Report Available: Store Cards in Chile
Store cards in Chile saw a decline in 2012. Large retailers such as Falabella, Paris and Ripley opened their cards to the credit function. As a consequence, non-banking card issuers increased credit access to mid- to low-income segments. Since most store cards issued by retailers were accepted in a wide range of retailers their cards shifted towards becoming credit cards. Cards issued by retailers such as Johnson's, ABCdin and La Polar were accepted by more than 1,000 associated retailers.
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