Banxico Allows Temporary Credit Card Payment Deferrals; Mexican Government Implements Support Plan for Acapulco Reconstruction

Banxico Allows Temporary Credit Card Payment Deferrals; Mexican Government Implements Support Plan for Acapulco Reconstruction

“This will allow institutions to offer support schemes so that their affected clients have the opportunity to temporarily defer payment of their credit cards,” Banxico said. Banxico said these types of measures should be in effect until April and asked lenders to provide clear information to their clients about the terms of the benefits. In … Read more

New Regulations for Credit Card Usage Abroad: Facilitating Limits and Avoiding Negative Lists

New Regulations for Credit Card Usage Abroad: Facilitating Limits and Avoiding Negative Lists

Ahmed Yaqoub wrote Thursday, October 26, 2023 10:41 AM In addition to the regulatory instructions previously issued on 10/17/2023 regarding the misuse of credit cards by some speculators by making cash withdrawals from abroad without actually traveling, which included some measures to facilitate the use of credit cards abroad for citizens who have actual needs … Read more

When and Why to Cancel a Credit Card: Tips from the Condusef

When and Why to Cancel a Credit Card: Tips from the Condusef

Credit cards are a tool financial powerful that provides comfort and flexibility in our lives, however, There are times to cancel a credit card It can be a smart and strategic decision to improve your financial health. That is why the National Commission for the Protection and Defense of Users of Financial Services (Condusef) released … Read more

Congress Allows Municipal Savings and Credit Banks to Issue Credit Cards

Congress Allows Municipal Savings and Credit Banks to Issue Credit Cards

Lima, 02/08/2023 10:00 a. m. In March of this year, Congress issued a rule that allows Municipal Savings and Credit Banks to issue credit cards without the authorization of the Superintendency of Banking, Insurance and AFP (SBS). Meanwhile, in August the SB published a resolution stating that This new product will be evaluated once it is … Read more

Competition in the Credit Card Segment Keeps HSBC Mexico’s Placement Trend Strong

Competition in the Credit Card Segment Keeps HSBC Mexico’s Placement Trend Strong

Competition in the segment Credit cards will maintain the placement trend of new plastics at HSBC Mexicoso neither the inflation nor the increase in Reference rate will slow down the pace that this segment has registered this year. In a conference to present the new options that the women with credit card to defer purchases … Read more

Country’s Banks Suspend or Block 500,000 Credit Cards in 2023: Reasons and Impact

Country’s Banks Suspend or Block 500,000 Credit Cards in 2023: Reasons and Impact

The Financial Superintendence revealed that during this 2023, the country’s banks have Suspended or blocked 500,000 credit cards. The previous figure increased compared to last year, because customers they reported thefts or were in debt. Also read: Employment opportunity: They offer 1,500 vacancies for multilingual people On the one hand, due to the high default … Read more

Score Cheapest Taylor Swift Concert Tickets in the World in Argentina – Only $153!

Score Cheapest Taylor Swift Concert Tickets in the World in Argentina – Only 3!

Taylor Swift’s highly coveted concerts may be expensive in the United States, but in Argentina, her upcoming shows are about to become world-class bargains. Despite the ongoing economic turmoil in the country, fans of the renowned singer-songwriter are still able to purchase standing-room only tickets closest to the stage for as low as 75,000 pesos, … Read more

“Financial Supervision Fees and Current Bank Interest Rates Experience Decrease in Basis Points”

“Financial Supervision Fees and Current Bank Interest Rates Experience Decrease in Basis Points”

The reduction equals represents a decrease of 77 basis points compared to May of this year when it was at 45.41% annual cash. The fee that certifies the Financial Supervision, it reached a record high of 47.09% in March of this year. For its part, the effective annual current bank interest for the consumer and … Read more