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

The value of payments by cards with a debit function in Brazil saw notable fluctuations from 2013 to 2023. Starting at approximately $136.78 billion in 2013, the market experienced significant annual variances, such as a 21.23% drop in 2015, a substantial recovery in 2017 with a 25.64% increase, and another sharp decline of 15.7% in 2020. By 2023, the market had stabilized somewhat at $163.67 billion, reflecting a modest year-on-year growth of 1.41% from the previous year.

Over the last five years, the Compound Annual Growth Rate (CAGR) was 1.3%, indicating a generally slow but steady growth trend. With the 5-year forecasted CAGR of 1.09%, the market is expected to reach approximately $176.04 billion by 2028, signifying a total growth rate of 5.58% in the forecast period.

Future trends to watch for include:

• The increasing adoption of digital payments and mobile banking services, which may drive the debit card segment further.
• Economic factors such as inflation and consumer spending habits, which could impact the usage and value of debit card transactions.
• Technological advancements in payment systems that could enhance the efficiency and security of debit card transactions, potentially boosting market growth.