Overall, the value of POS transactions at terminals in Brazil exhibits significant fluctuations over the observed years. From 2013 to 2014, there was steady growth, but a dramatic decline occurred in 2015, likely influenced by economic challenges. A recovering trend began from 2016, with a noticeable dip in 2020 possibly due to the COVID-19 pandemic. The year 2021 marked a substantial recovery with nearly 29% growth, followed by a slight contraction in 2022 and a minor growth of 1.76% in 2023, reaching 376.68 Billion US Dollars in 2023. Growth is forecasted to continue mildly, with a 1.34% CAGR over the next five years. Expected values reaching 411.71 Billion US Dollars by 2028.
Future trends to watch for include:
- Increased adoption of contactless payments and digital wallets
- Continued recovery and potential acceleration of growth post-pandemic
- Technological advancements in payment infrastructure
- Regulatory changes affecting the banking and financial sectors
