Credit Card Market in Nicaragua - 2019Q3 Overview


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 scenariogrowing 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: TOP 5 Credit Card Issuers by credit outstandings (2019Q3)

Nicaragua Credit Card Outstandings

Nicaragua Credit Card Outstandings

Nicaragua Credit Card Outstandings, Annual change in market share

Nicaragua Credit Card Outstandings, Annual change in market share

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