ATM cash withdrawals in Brazil have shown volatility over the past decade. Post-2013, the value peaked in 2014 before declining sharply in 2015 and 2016. The period from 2017 to 2019 saw marginal growth, followed by a significant drop in 2020 due to the pandemic. A notable rebound occurred in 2021 but slightly declined in 2022. In 2023, the value settled at 406.25 billion USD, showing minor growth from the previous year. The forecast indicates steady, low single-digit growth with a CAGR of 0.32% over the next five years, reaching 415.97 billion USD by 2028.
Future trends to watch for:
- Continued adoption of digital payments
- Economic conditions influencing cash dependency
- Technological advancements in financial services
- Shifts in consumer behavior towards online banking
