30% of point-of-sale operations in the country are done with contactless technology
The president of the Banking Association of Venezuela (Asobanca), Pedro Pacheco, indicated that 30% of operations processed through point-of-sale terminals are conducted using contactless technology. Banking and Business He also highlighted that Venezuelan Banking is 'in an ideal moment,' possessing a solid capital base, technology, and continuous investment in it. [...]
TL;DR
- 30% of point-of-sale operations in Venezuela utilize contactless technology.
- Venezuelan banking is described as being in an 'ideal moment' with strong capital and technological investment.
- All economic sectors, including individuals, are participating in divisa auctions.
- The divisa auction process has improved significantly, with funds arriving and the exchange rate stabilizing around 550 Bs. per dollar.
- Credit portfolio currently stands at 3% of Venezuela's GDP, with expectations of renewed credit flow.
- Managing economic variables appropriately is key to restoring credit flow, which is a primary concern for businesses and individuals.