Forecast: Number of Card Payments in Brazil

The number of card payments in Brazil has demonstrated consistent growth from 9.93 billion units in 2013 to an actual 16.45 billion units in 2023. The year-on-year growth rate has generally decreased over this period, reducing from 15.43% in 2013 to 3.25% in 2023. Similarly, the Compound Annual Growth Rate (CAGR) reduced each year from 16.34% in 2013 to 3.65% by 2023. Forecasted data suggests continuing growth, albeit at a more modest rate with projections reaching 18.89 billion units by 2028. The forecasted CAGR for 2024-2028 is 2.18%, indicating steady but slower expansion.

Future trends to watch for include:

  • Increasing digitization and mobile payments influencing card usage trends.
  • Potential regulatory changes impacting transaction volumes.
  • Economic factors and consumer behavior shifts driving payment method preferences.