EMV cards are smart cards (also called chip cards or IC cards) that store their data on integrated circuits in addition to magnetic stripes. These include cards that must be physically inserted (or “dipped”) into a reader and contactless cards that can be read over a short distance using radio-frequency identification (RFID) technology.
(QCOSTARICA) Banks in Costa Rica are making more digital tools available to its customers to facilitate transactions and to avoid the lines at branches.
Currently there some 2.5 million credit cards in circulation in Costa Rica.
Although EMV cards (also called chip cards or IC cards) have been around for some time in places like North America, in Costa Rica their use continues advancing.
As of January 1 of this year, issuers were forced by the