In 2023, the number of cards with a credit function per inhabitant in Brazil stood at 0.89. Forecasts indicate a steady growth in this metric, reaching 0.94 by 2028. From 2024 to 2028, we see gradual year-on-year increases of approximately 1.11%, showcasing consistent consumer adoption of credit cards. The Compound Annual Growth Rate (CAGR) for this period is also 1.11%, reflecting a stable upward trend in credit card usage.
Future trends to watch for include advancements in digital payment solutions, increased financial literacy, and enhanced credit card benefits, which could further drive credit card adoption. Additionally, economic factors and regulatory changes will also play a critical role in shaping the growth trajectory of credit card usage in Brazil.
