Q COSTARICA
More than 2 million ‘contactless’ cards are already in circulation in Costa Rica
Q COSTA RICA – Like it or not, ‘contactless’ pay is quickly making its way in Costa Rica, with more than 2 million cards with this technology already circulating in the country.
As of last month (February 2017), the Banco Nacional (BN), BAC Credomatic and the Banco de Costa Rica (BCR) report having issued 2,238,169 cards with contactless pay technology.
The Banco Central de Costa Rica (BCCR) – Central Bank – has established a deadline of December 31, 2018 for all bank cards to have this technology.
What is contactless pay?
Contactless payment systems are credit cards and debit cards, smart cards or other devices, including smartphones and other mobile devices, that use radio-frequency identification (RFID) for
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