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View Full Version : Colmados going hi-tech



NewsWhore
04-03-2008, 05:40 PM
Need food and have no cash? No need to worry because more and more colmados are accepting credit and debit cards. The National Traders and Businesses Federation (FENACERD) registered at least 3,500 colmados that accept plastic payment, and according to federation president Antonio Cruz Rojas, this represents at least 5% of colmados. According to FENACRED, for the 5% of colmados that accept credit cards, 10% of their sales are paid for by plastic. Colmado owner Marcos Rosario said that offering the credit card payment option had been a good business move because many people like to keep as much cash as possible in their pockets. According to FENACRED, the minimum value for paying with plastic is RD$300.

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