QCOSTARICA Costa Rica stands out in the Latin American panorama for its rapid change in payment preferences, where debit and credit cards, as well as digital wallets, are replacing cash as the preferred payment method. Two payment method surveys were conducted in Spanish-speaking Latin American countries in 2021 and 2023 by McKinsey & Company,…
QCOSTARICA Legislators on Tuesday approved in the second and final debate the bill that sanctions the practice of "gota-a-gota" loans (loansharking) with up to 15 years in prison. Gota-a-gota loans are informal loans provided outside of the traditional financial system, where the terms and interest rates can be adjusted at the discretion of the…