Forecast: Value of Card Payments in Brazil

The value of card payments in Brazil has experienced fluctuations over the past decade. Starting from 2013, the value had a positive year-on-year growth until a significant drop in 2015. After a period of stability and slight growth, another dip occurred in 2020 due to the pandemic. However, there was a sharp recovery in 2021. As of 2023, the value of card payments stood at USD 373.97 billion, showing a modest increase of 1.67% compared to 2022. The average annual growth rate (CAGR) over the last five years up to 2023 was 1.81%.

Looking forward, from 2024 onwards, the trend is forecasted to show steady growth, with a CAGR of 1.29% for the next five years, culminating in a total growth of 6.59% by 2028.

Trends to watch for in the future include:

  • Impact of digital payment innovations and fintech growth.
  • Influence of economic policies and inflation rates on consumer spending.
  • Adoption of contactless and mobile payment solutions accelerating post-pandemic.