Forecast: Number of Payments by Cards with a Debit Function in Brazil

The number of payments by cards with a debit function in Brazil stood at 10.98 billion units in 2023. From actual data, there is a clear upward trend from 2013 to 2019, with some variations in growth rates. The year 2020 experienced a notable decline due to external influences likely tied to the global pandemic. However, recovery was swift in 2021, witnessing a significant growth of 32.37%. The pace of growth slowed afterward, with a slight decline in 2022 (-0.63%) and a modest increase of 4.08% in 2023.

Looking forward, the forecasts suggest a continued increase in the number of payments by cards with a debit function, albeit at a slower rate. From 2024 to 2028, the compound annual growth rate (CAGR) is expected to be 2.91%, indicating a steadier but more moderate growth phase compared to past periods. By 2028, the total volume is projected to reach 13.26 billion units, reflecting a 15.4% growth over the five-year forecast period.

Future trends to watch for include the increasing adoption of digital payment solutions and the impact of financial inclusion initiatives. Additionally, economic conditions, technological advancements, and regulatory changes could significantly influence future growth rates in the Brazilian payment card market.