Point-of-sale operations in businesses in La Guaira, Venezuela, will be exempt from paying commissions for 90 days, according to the Venezuelan Banking Association (Asobanca).

In a press release, the association indicated: “The majority of private banks in the country have decided to exempt businesses located in the State of La Guaira, for a period of ninety (90) days, the commissions associated with operations carried out through Points of Sale (POS), with the aim of easing the operational burden and promoting local economic reactivation.”

Some 12,300 private banking points of sale operate in the port state of Venezuela, which represents about 40 % processing commercial transactions. “This figure shows the magnitude of the impact on commercial infrastructure – where businesses suffered severe damage, remain inaccessible or are in the process of reopening – and establishes the great challenge for the coming days and months: ensuring that this percentage increases progressively as the area advances in its recovery and stabilization.”

Asobanca will accompany the commercial reactivation process in the state, together with private banking in order to evaluate the particular situation of each business.

With an accurate diagnosis, it will be possible to review current credit conditions, “payment facilities and support schemes adapted to the real needs of each establishment.”

M.Pino

Source: ultimasnoticias

(Reference image source: Ali Mkumbwa on Unsplash)

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