Costa Rica was one of the first countries in Latin America to start using contactless payments. They were incorporated into public transport payment systems to minimize the handling of cash during the Covid-19 pandemic. In response to the increasing popularity of electronic payment methods in Costa Rica, the central bank launched the National System of Electronic Payments, a platform that connects financial and public institutions, enabling easy electronic cash transfers
Population
Banked Population:
Main industries
Tourism, Agriculture, and Manufacturing
Main imports
Refined Petroleum, Broadcasting Equipment, Medical Instruments, Packaged Medicaments, and Cars
Main exports
Medical Instruments, Bananas, Tropical Fruits, Integrated Circuits, and Orthopedic Appliances
$12,472.4
Per capita (USD)
7.6%
Growth annually
76
World ranking
Total volume of digital payments projected to reach
$2,863.00M (USD)
Cash
Cash
Cash
Online