Brazil Cards and Payments – Opportunities and Risks to 2025
The annual value of card transaction in the Brazil cards and payments market was valued at $466.3 billion in 2021. The market is expected to grow at a CAGR of more than 10% during the forecast period.
The Brazil cards and payments market research report provides detailed analysis of market trends in the Brazilian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, credit transfers, cards, direct debits, and cheques during the review-period. The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period. It also offers information on the country’s competitive landscape, including market shares of issuers and schemes.
Brazil cards and payments market outlook
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What are the market dynamics in the Brazil cards and payments market?
Brazil is traditionally a cash-driven economy, with cash accounting for a significant share of total payment transaction volume in 2021e. Government initiatives and bank efforts mean consumer awareness of and confidence in digital payments are growing, with Brazilians gradually shifting to electronic payment methods. The government has taken a number of steps to boost financial inclusion and promote electronic payments in the country, including expanding banking infrastructure in rural regions, appointing banking correspondents, and introducing a regulation allowing consumers to open bank accounts through digital channels.
With the necessary payment infrastructure in place, which includes ubiquitous ATMs and the highest proportion of POS terminals among its regional peers, consumers are gradually becoming more aware of the benefits of payment cards. Over 2021e-25f, ecommerce growth and the emergence of contactless technology will help drive growth in the payment card market. The COVID-19 pandemic has affected the economy, impacting all sectors (including cards and payments) due to a decline in overall consumer spending. However, the pandemic has also highlighted the importance of non-cash payment tools, which is pushing electronic payments in the country.
Which are the key segments in the Brazil cards and payments market?
The key segments in the Brazil cards and payments market are card-based payment, merchant acquiring, e-commerce payments, in-store payments, buy now pay later, mobile payments, P2P payments, bill payments, alternative payments.
Which are the key payment instruments in the Brazil cards and payments market?
The key payment instruments in the cards and payments market in Brazil are cash, cards, credit transfers, direct debit and cheques. Cards is the largest payment instrument in the cards and payments market in Brazil.
Brazil cards and payments market, by payment instrument
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Which are the key players in the cards and payments market in Brazil?
The key players in the cards and payments market in Brazil are Caixa Economica Federal, Banco Bradesco, Santander, Banco do Brasil, Itau Unibanco, BNP Paribas, Banrisul, Cielo, Itau Unibanco, Stone, PagSeguro, Bancoob, Banrisul, Elavon, American Express, Elo, Hipercard Visa, Diners Club, and Mastercard.
Market report scope
| Market size | $466.3 |
| CAGR % | >10% |
| Forecast period | 2021-2025 |
| Key segments | Card-Based Payment, Merchant Acquiring, E-Commerce Payments, In-Store Payments, Buy Now Pay Later, Mobile Payments, P2P Payments, Bill Payments, Alternative Payments |
| Key payment instruments | Cash, Cards, Credit Transfers, Direct Debit and Cheques |
| Key companies | Caixa Economica Federal, Banco Bradesco, Santander, Banco do Brasil, Itau Unibanco, BNP Paribas, Banrisul, Cielo, Itau Unibanco, Stone, PagSeguro, Bancoob, Banrisul, Elavon, American Express, Elo, Hipercard Visa, Diners Club, and Mastercard |
Scope
- Current and forecast values for each market in the Brazilian cards and payments industry, including debit, credit, and charge cards.
- Detailed insights into payment instruments including cash, credit transfers, cards, direct debits, and cheques. It also, includes an overview of the country’s key alternative payment instruments.
- Ecommerce market analysis.
- Analysis of various market drivers and regulations governing the Brazilian cards and payments industry.
- Detailed analysis of strategies adopted by banks and other institutions to market debit, credit, and charge cards.
- Comprehensive analysis of consumer attitudes and buying preferences for cards.
- The competitive landscape of the Brazilian cards and payments industry.
Reasons to Buy
- Make strategic business decisions, using top-level historic and forecast market data, related to the Brazilian cards and payments industry and each market within it.
- Understand the key market trends and growth opportunities in the Brazilian cards and payments industry.
- Assess the competitive dynamics in the Brazilian cards and payments industry.
- Gain insights into marketing strategies used for various card types in Brazil.
- Gain insights into key regulations governing the Brazilian cards and payments industry.
Key Players
Table of Contents
Frequently Asked Questions
The cards and payments market size in Brazil was $466.3 billion in the year 2021.
The cards and payments market in Brazil is projected to grow at a CAGR of more than 10% during the forecast period.
Card-based payments, merchant acquiring, e-commerce payments, in-store payments, buy now pay later, mobile payments, P2P payments, bill payments, alternative payments are the key segments in the Brazilian cards and payments market.
Cash, cards, credit transfers, direct debit and cheques are the key payment instruments in the Brazilian cards and payments market.
Caixa Economica Federal, Banco Bradesco, Santander, Banco do Brasil, Itau Unibanco, BNP Paribas, Banrisul, Cielo, Itau Unibanco, Stone, PagSeguro, Bancoob, Banrisul, Elavon, American Express, Elo, Hipercard Visa, Diners Club, and Mastercard are the key companies in the Brazilian cards and payments market.
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