In 2023, the number of cards with a payment function per inhabitant in Brazil was approximately 2.54. From 2024 to 2028, forecasted values exhibit a steady increase from 2.57 to 2.69. Year-on-year growth rate varies consistently around 1.17%, indicating a gradual but sustained rate of increase. The five-year CAGR is projected to be 1.16%, demonstrating a modest upward trend in this market segment.
Future trends to watch for:
- Technological advancements in payment methods, such as increased adoption of digital wallets, may impact card usage.
- Economic factors influencing consumer spending behavior and disposable income levels could affect growth.
- Regulatory changes in the financial services industry may also play a pivotal role in shaping the trend.