The number of POS transactions at terminals in Brazil experienced significant growth from 2013 to 2019, with year-on-year variation peaking at 15.43% in 2013 and gradually declining to 4.11% in 2019. The pandemic year of 2020 saw a notable drop of -13.79%, followed by a robust rebound of 31.12% in 2021. The growth stabilized slightly with a marginal decline of -1.48% in 2022 and a modest increase of 3.27% in 2023, where volume stood at 16.47 billion units. The average annual growth over the last five years (2018-2023) was 3.67%. Future projections suggest continued slow but steady growth, with an expected 2.39% CAGR over the next five years, raising the volume to 19.24 billion units by 2028, reflecting a cumulative growth rate of 12.52%.
Future trends to watch for:
- The impact of evolving payment technologies such as contactless payments and digital wallets on POS transaction volume.
- Regulatory changes impacting financial transactions and POS terminal usage.
- Economic factors such as inflation and consumer spending behavior influencing transaction volumes at POS terminals.
- Expansion of e-commerce and online shopping trends potentially affecting in-store POS transactions.
