Defaulting on digital wallet loans and quick financing options has surged dramatically over the past year, with non-performing loans climbing from roughly 7% to nearly 30% across key lending portfolios, according to recent financial sector analyses. This sharp deterioration highlights growing payment strains among consumers relying on fintech credit applications and instant lending platforms to … Read more
The Central Bank of Costa Rica (BCCR) has officially adjusted the maximum interest rates for loans and microcredits, setting new ceilings for the second half of 2024. These “usury rates,” established to protect consumers from excessive borrowing costs, are updated periodically based on market performance and prevailing economic conditions, according to official data from the … Read more
Santiago, Chile – Chile’s economy demonstrated resilience in 2025, expanding by 2.5%, according to a recent report from the Banco Central de Chile. This growth, whereas slightly above initial projections, represents a deceleration from the previous year’s performance. The expansion was largely fueled by robust domestic demand, with both investment and consumption playing key roles. … Read more
Chile’s economy demonstrated resilience in 2025, expanding by 2.5%, according to recently released figures from the Banco Central de Chile. This growth, while modest, surpassed preliminary estimates and signals a stabilizing economic landscape following a period of uncertainty. The revised data offers a nuanced picture of the nation’s economic performance, with key sectors showing positive … Read more
Buenos Aires – The Argentine peso continued to experience fluctuations against the US dollar this Tuesday, March 10, 2026, with varied performance across different financial institutions. While the official exchange rate saw modest declines, the informal “blue” dollar market remained largely stable. These movements come amid ongoing economic uncertainty in Argentina, with persistent inflation and … Read more