Reasons for Popularity

Regional Connectivity: Banco Nacional de Costa Rica enables seamless transactions across Latin America, effectively linking financial systems between Costa Rica and Colombia. This connectivity is vital for e-commerce businesses that rely on efficient payment solutions to reach customers across borders, especially in a region where remittances are significant

Support for International Transactions: The bank's ability to facilitate international remittances makes it an essential partner for families and businesses involved in cross-border e-commerce. With Costa Rica receiving substantial remittances—averaging $113.65 million annually since 1999—this payment method is critical for supporting consumers who purchase goods and services online from abroad

Established Trust: As one of Costa Rica’s largest banks, Banco Nacional provides secure and efficient payment services that are essential for fostering confidence among e-commerce participants. Its reputation as a trusted financial institution encourages users to engage in cross-border transactions, knowing their payments are handled securely

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Costa Rica

Top e-commerce industries
Electronics
21.1%
Hobby & Leisure
21.1%
Fashion
11.2%
Furniture & Homeware
Care Products
DIY
Grocery
San José
Capital
2.4M
Population
-6
Time Zone (GMT)
CRC
Currency
Costa Rican colon
$21.1B
Transactions
value in 2028
24%
CAGR
of Digital Payments
during 2024-2028

Popularity of e-commerce payment methods

Bank Transfer
2%
Buy Now Pay Later
1%
Cash-in
1%
Credit Cards
29%
Debit Cards & Prepaid Cards
29%
E-wallet
15%
Mobile Money
15%
Others
1%

Extend your reach

As of 2024, Banco Nacional de Costa Rica (BNCR) serves approximately 2.1 million customers in a country with a population of about 5.1 million. This makes it the largest bank in Costa Rica, providing a wide range of financial services, including support for international remittances and cross-border payments.

Method
Banco Nacional
LPM Market Share
n/a
Payments
Yes
Refunds
Yes - full and partial refunds (automated)
Type
Bank Transfer
Local Card Scheme
Users
2.1M
Disbursements
Yes
Yes
Chargebacks
$25.00
$25.00
Authorization currency
CRC
Authorization
speed
Instant
Recurring
No
No