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

From 2013 to 2023, the number of payments by cards with a credit function in Brazil showed notable fluctuations. Starting at 4.83 billion units in 2013, there was an overall upward trend reaching 8.8 billion units in 2023. Key highlights include a substantial annual growth of 31.44% in 2021 post the pandemic dip in 2020 (-13.56%), followed by a slight reduction in growth in the subsequent years. By analyzing the Compound Annual Growth Rate (CAGR) from the past five years, this stands at 3.21%, indicative of a decelerating growth rate as the market matures.

Future trends to watch for:

• The forecast indicates the number of payments reaching 10.37 billion units by 2028.
• A predicted average annual growth of 2.53% over the next five years, pointing towards moderated expansion.
• Careful monitoring of digital payment technologies and evolving consumer behavior in Brazil will be vital.