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.