"Financial Cards and Payments in Colombia" Now Available at Fast Market Research
Total card transactions saw double-digit growth in 2013, thanks to positive structural and cyclical elements in the local market. The government launched an emergency plan after the lower than expected 2012 GDP growth, which included a reduction in APR in order to spur consumption. Credit cards, which showed intense growth in 2012 despite higher interest rates, greatly benefited. Moreover, all the entities involved in the industry, from the government to the most modest banks, focused on...
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