Report Published: "Financial Cards and Payments in Colombia"
Financial cards and payments performed well in 2012 with a marginal deceleration due to increasing APR targeted to control credit card usage. Issuers delayed an interest rate increase, considering there is still room for credit card growth. However, the Central Bank is recommending that banks strengthen their prospect assessing processes in order to reduce non-performing card lending outstanding balances. The official and private interest for unbanked population and the increasing competition...
View full press release