New Market Study, "Debit Cards in Venezuela", Has Been Published
High inflation is rendering cash useless for the purchasing of large ticket purchases, which are becoming more frequent as prices rise to keep pace with inflation. ATMs tend to run out of cash during weekends and banks are not cashing checks higher than Bs5,000. Consumers are increasingly choosing the use of debit cards, which in Venezuela can be tied to either a checking or a savings accounts or to both if the card holder owns them. Each time the debit...
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