The Payment System consists of a set of instruments, procedures, and electronic systems that allow money to be transferred and circulate among various agents -individuals, public and private institutions- in the economy. A functional and safe system of payments favors a country’s economy activity.
The Banco Central de Costa Rica developed a technological platform called SINPE (National System of Electronic Payments) that is both safe and effective. This system may be used by financial institutions to perform cash transfers in real time, as well as to use various instruments of payment. A new series of bills has been recently introduced, so that transactions may be carried out at the least possible cost and in a safe manner.