Key Market Indicators
Brazilian credit card transactions are projected to decrease to approximately $228 billion by 2028, down from $231 billion in 2023. This marks an average annual decline of 0.2%. Since 2017, the demand for credit card transactions in Brazil has decreased by 0.6% year on year. In 2023, Brazil held the seventh position globally in credit card transactions, with the United Kingdom surpassing Brazil with transactions also totaling around $231 billion. South Korea, Japan, and Canada secured the second, third, and fourth positions, respectively. Conversely, the number of credit cards in Brazil is expected to grow to about 194 million units by 2028, up from nearly 184 million units in 2023. This represents an average annual growth rate of 0.8%. Since 2017, the supply of credit cards in Brazil has remained stable, showing zero percent growth year on year. In 2023, Brazil ranked fourth in the number of credit cards issued, with Japan overtaking Brazil with nearly 184 million units. China, Japan, and Brazil ranked second, third, and fourth, respectively, in this category.
