The Credit Card market in Nicaragua reached USD 277 million in 2019Q3 (9170 million Cordobas, -12.3% annual change) and will reach USD 290 million by the end of 2022 according to the most likely projected scenario* growing at a CAGR of 3.1% during 2011-2022f.
In Nicaragua there are 22.9 million credit cards purchase transactions each year and 5 leading issuing banks.
Nicaragua credit card usage has gone down slightly in recent years. 15% of the Nicaragua population carries a credit card. The majority of the population carries at least one type of credit card, with 10% of Nicaraguans carrying 2 or more cards. Most Nicaraguans credit card users carry more than one card. Baby boomers have the most amount of credit cards per person, with Generation Z having the fewest.
BAC, BANPRO and FICOHSA NICARAGUA remains the largest issuers, accounting for 81.9% on the credit card loan portfolio volume (2019Q3).
Nicaragua: TOP 5 Credit Card Issuers by credit outstandings (2019Q3)
Nicaragua Credit Card Outstandings
Nicaragua Credit Card Outstandings, Annual change in market share