Credit Cards Grow 8.3% in Panama
Between January and March 2012 599.000 credit cards were issued in Panama, an increase of 8.3% compared to the same period in 2011.
Monday, May 14, 2012
Data from the Panamanian Credit Association (APC in Spanish), also indicated that the balance on the total number active credit cards was $1.081 million, 11% more than on the same date in 2011 when it was $973 million.
In late May there were 673,590 active credit cards, while in the same period in 2012 there were 609,357.
In the first half of the year, 4.458 new credit cards were issued, 6.969 less than the same period of 2008.
In the month of Abril 2009, 3,761 cards were granted, which is less that the 11,427 that were issued over the same period of last year.
The Superintendency of Competition has presented a study on conditions of competition in the sector of credit and debit cards.
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