After Congress encourage microfinance institutions to issue credit cards, the president of Caja Huancayo, Jorge Solís, reported that the Savings Banks are ready to offer this service. In addition, it indicated that the average rate they would charge would not exceed 35%.
“We have 40 years in the market and good financial indicators. We could compete with rates that would not exceed 30% or 35% in credit cards, much less than the rate that banks handle and that have the oligopoly of credit cards ”, he indicated.
Likewise, Solís reported that would be 800,000 the number of potential customers to whom this initiative could reach. “At Caja Huancayo, 50,000 potential clients could be reached. At the level of the boxes in general, they could reach about 800,000 customers in a first stage, “he said.
CAN SEE
Credit cards
It should be remembered that to date only ten banks and three finance companies are authorized to issue credit cards, whose rates range from 86.48% to 141.9%, according to a report from the Superintendency of Banking, Insurance and AFP (SBS).
In this context, from the Congress has been promoting an initiative for what municipal savings banks enter the competition for this financial product.
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