Forecast: Value of Payments by Cards with a Credit Function in Brazil

The value of payments by cards with a credit function in Brazil has shown fluctuating trends over the past decade. Between 2013 and 2015, there was a sharp decline, with a notable drop of 23.63% in 2015. The market saw a slight recovery in 2017 with an 18.94% increase but remained relatively flat from 2018 to 2019. The year 2020 experienced a significant decline of 17.23%, likely due to external economic factors. This was followed by a recovery in 2021 with a 26.16% increase. However, the value declined again in 2022 and experienced a minor decline of 0.27% in 2023, standing at USD 230.51 billion. The Compound Annual Growth Rate (CAGR) over the past five years was -0.6%.

Future projections indicate a gradual decline in value, with a forecasted CAGR of -0.23% over the next five years, dropping to USD 228 billion by 2028. This suggests a stable but slowly contracting market.

Looking forward, it is crucial to observe the impact of technological advancements, regulatory changes, and shifts in consumer behavior, particularly in the adoption of alternative payment methods and digital wallets, which could influence the market dynamics for credit cards.