Forecast: Number of Cards with an E-money Function in Brazil

The number of cards with an E-money function in Brazil has been experiencing a declining trend over the past decade. After peaking at 2.67 million units in 2014, the number dropped significantly to 1.22 million units by 2023, which represents a decrease of approximately 5.96% from 2022. The Compound Annual Growth Rate (CAGR) over the last five years stands at -5.4%, highlighting a consistent decline in the uptake of these cards.

Looking ahead, forecasts indicate a continued downward trend, with the number of E-money function cards projected to fall to 0.82 million units by 2028. This represents a forecasted CAGR of -6.37% over the next five years, indicating the market's continued contraction at an average annual rate. The overall forecasted decrease from 2023 to 2028 is approximately 28.03%.

Future trends to watch for include the increasing adoption of alternative digital payment methods, such as mobile wallets and instant payment systems, which may be contributing to the decline in E-money function cards. Additionally, regulatory changes and technological advancements in the financial sector could further impact the usage patterns of these cards in Brazil.