This boost in consumption is a result of strong economic growth in the country, where tourism already accounts for 8% of GDP, “said Franks. He added that” from the Blanco Provincial accompany this phenomenon we set out for the Argentines to travel more easily”. According to the area of Trade Policy Blanco Provincial, purchases with credit card Company’s offer interest-free financing and rebates rose 50% last July from the same month last year.
In the case of promotion with Airlines Argentines, the annual increase in sales with Visa credit cards was 94%. “60% of users decided to buy their tickets in 12 installments without interest,” Franks expanded. Another company that saw an increase in sales of bank cards was Buquebus Province, where consumption rose 80% in June 2010 compared to the same month last year. Over 50% of customers chose plans 6 and 12 monthly payments without interest. Franks explained the Province of Buenos Aires is a leader in the territory, “One in three purchases with Visa cards in the province belongs to plastic issued by the entity.”
The credit card purchases Province Bank grew by nearly 50% in 2009 over the previous year, particularly in apparel, electronics and household items. As with debit consumption reached a 40% increase, especially for items such as cinemas, petrol stations, transport and supermarkets. Provincial Bank maintains an extensive program of benefits in more than 1800 stores of 380 cities. In the tourist industry remains in force to promote up to 12 installments with no interest in Airlines Argentines. While Buquebus offers 10% savings or financing of up to 36 installments without interest.