The number of cards with a debit function in Brazil experienced modest growth from 2013 to 2019, followed by a significant dip in 2020 (-16.37%). This sharp decline was countered by a strong rebound in 2021 (27.45%), before a minor contraction in 2022 (-4.07%) and slight growth in 2023 (0.7%). As of 2023, the volume stood at 340.9 million units. The previous five-year CAGR was generally modest, reflecting a relatively stable market. Future forecasts indicate a moderate but steady growth from 2024 to 2028, with an expected five-year CAGR of 0.55% and an overall growth rate of 2.79%.
Key Trends (2013-2023):
- Steady growth from 2013 to 2019, followed by a sharp decline in 2020.
- Strong recovery in 2021, with modest fluctuations thereafter.
Future Trends to Watch:
- Continued moderate growth is forecasted, indicating market stabilization.
- Potential factors influencing future trends include technological advancements, regulatory changes, and shifts in consumer behavior towards digital payments.
