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Latin America's need for credit scores.(credit cards)

Business Credit

| March 01, 2006 | Smith-Ramos, Jan | COPYRIGHT 2006 National Association of Credit Management. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

The Latin American credit card market has once again seen double-digit growth in 2005, proving that it is one of the most dynamic card markets in the world. Including both purchase and cash activity for all card products, transaction volume will rise to more than $50 billion in 2005, up by nearly 40 percent over the previous year. There are more than 120 million general-purpose cards in circulation in Latin America and more than 1 million associated merchants. Although the market continues its historic domination by the trinity of Visa, MasterCard and American Express, the region's competitive landscape is still far from consolidated. To some extent, growth will come from ...

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Source: HighBeam Research, Latin America's need for credit scores.(credit cards)

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