Posts by aalvarez
What is the TITA rate? The new rate for credit consumers
Some credit services providers in Costa Rica have included a new rate in the previous information of their services and contracts: the TITA rate. What is this rate about, and why is it important? What is the TITA rate, and what does it mean? TITA is the abbreviation for Tasa de Interés Total Anual…
Read MoreCentral Bank of Costa Rica Modifies Payment Cards System Regulations
Maximum Commissions for the Card System in Costa Rica for 2023On the 12th of December, 2022, the Central Bank of Costa Rica published the Payment Cards System Regulations, which will enter into force two months after its publication. Some of the main modifications to the Regulations are as follows: Implement interoperability between POS and ATM:…
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