Panama Scholarship Cards Blocked at Casinos and Fuel Pumps
Panama's scholarship agency uses a traceability system to block card payments at casinos, petrol stations and restaurants. About 5 per cent of transactions have been declined, according to TVN Noticias. The post Panama Scholarship Cards Blocked at Casinos and Fuel Pumps appeared first on The Rio Times .
Panama's scholarship agency, IFARHU, has implemented a traceability system that blocks card payments at casinos, petrol stations, and restaurants. Approximately 5% of transactions are declined because they attempt to use the cards at establishments not on the approved list. IFARHU manages student funds, including study grants, which are paid onto a payment card issued to each student.
The traceability system ensures scholarship funds are used only for approved educational purchases. Out of all transactions, roughly 70% are for approved purchases in supermarkets, while the remaining 30% is for school supplies, materials, uniforms, and other expenses. The declines are only refused attempts, not completed purchases.
IFARHU described this as routine monitoring and clean-up of transactions made with scholarship cards. The goal is to prevent funds from being spent on unauthorized purchases, as part of the agency's ongoing oversight of the scholarship programme.
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