Looking to give the island’s economic activity a much-needed push through entrepreneurship, Plaza Las Américas is joining forces with MasterCard, the Puerto Rico Economic Development Bank, and the Puerto Rico Trade and Export Company to launch the "Journey to Business Success" competition for business development.
A student from the Universidad del Este won this year’s fourth edition of the MasterCard Student Food Challenge, held prior to this weekend’s Saborea culinary fest, receiving a $1,000 scholarship for proving his talent in the kitchen, the credit card company announced.
MasterCard and the Inter-American Development Bank have recently signed an agreement, as announced at the World Economic Forum in Davos, Switzerland, to work together in an effort to improve economic inclusion, transparency and financial formalization through the expansion of electronic payments in Latin America and the Caribbean.
Puerto Rico’s “millennials,” the segment of the population comprising 18 to 30 year-olds, believe that financial education is a very important factor in achieving personal financial stability, a recent MasterCard study on basic financial knowledge revealed.
Is there really such a thing as an online persona? According to a new global study from MasterCard released Tuesday, the answer is, yes.
Puerto Rico’s small and mid-sized businesses have a variety of possibilities for expansion in foreign markets that provide great potential to export their products and achieve greater economic strength and growth, although few have departments currently engaged in foreign trade.
Atlanta-based consulting firm Bank Solutions Group is expanding its footprint into Puerto Rico with the addition of Miguel Vargas, an experienced banking and payments executive and consulting expert. Vargas is former general manager of MasterCard in Puerto Rico and the U.S. Virgin Islands.
Sales volumes for businesses participating in MasterCard’s “Priceless Puerto Rico” program grew by 9 percent, while the volume of transactions rose 13 percent in the last two years, the credit card company said upon announcing the results of the initiative launched in 2011 in partnership with the Puerto Rico Tourism Company and the Puerto Rico Hotel and Tourism Association.
Triple-S Salud and MasterCard announced appointments for their Puerto Rico markets.
As part of the recently celebrated Priceless Night at Plaza Las Américas, MasterCard joined the Make-A-Wish Puerto Rico Foundation to fulfill the wants of three ill youngsters who had dreamed of a day of shopping at the Hato Rey mall.
This year’s holiday shopping season will kick off early for MasterCard credit and debit customers, who will get a chance to participate in a special shopping event at the Plaza Las Américas mall Nov. 19, from 7 p.m. to 11 p.m.
JetBlue Airways, Puerto Rico’s largest carrier, announced Thursday plans to add two routes from San Juan: Punta Cana and Santiago, in the Dominican Republic, starting in May 2013. The routes will fill a gap left by American Eagle when it scaled back operations out of the Luis Muñoz Marín Airport.
The holiday shopping season is starting early for MasterCard customers, who will be able to get deep discounts on their purchases during one night at Puerto Rico’s biggest mall, Plaza Las Américas.
Puerto Rico’s inclusion in MasterCard’s “Priceless Cities” program has resulted in higher-than-expected levels of success during its first year and is now being set up for an expansion beyond the San Juan metropolitan area into other towns with brisk tourism activity.
Starting in February 2013, MasterCard will start migrating Puerto Rico consumers to using credit cards with chips instead of magnetic strips to reduce fraud and identify theft.
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