Brazil Cards and Payment Market Outlook to 2027F
By Cards (Debit Cards, Credit Cards, Prepaid Cards), By Payment Terminals (POS and ATMs), By Payment Instruments (Credit Transfers, Direct Debit, Cheques, Cash and Payment Cards)
April 2023
70
About the Report
About the Report
The report provides a comprehensive analysis of the potential of the Cards and Payment Market in Brazil. The report covers an overview and genesis of the industry, market size in terms of revenue.
Brazil cards and payment market segmentations include by cards, payment terminals and payment instruments; growth enablers and drivers; challenges and bottlenecks; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.
Market Overview:
According to Ken Research estimates, the Brazil cards and payment market is forecasted to grow at a robust CAGR in the period of 2022P-2027F, owing to digitalization and the growth in the volume of high-net-worth individuals.
- There is marvelous potential, with almost two-thirds of adult consumers holding a debit card and Pix having proven a world beater in terms of mass market uptake.
- Cards are Brazil’s favored e-commerce payment method and are used to complete well over half of all online transactions.
Key Trends by Market Segment:
By Cards: Credit Cards accounted for the majority of cards used for payments in the Brazil Cards and Payment Industry in 2022. Brazilians are very comfortable using debit and credit cards for payments, which has resulted in this growth.
By Payment Instrument: Payment Cards dominated the Brazil Cards and Payment Market in terms of the payment instruments used in 2022. As of last year, more than half of online purchases in Brazil were paid for by card. Cash and e-wallet payment methods were less popular among Brazilians. Cards were also the main online payment method in Latin America altogether.
Competitive Landscape
In Brazil Cards and Payment Market there are about ~ players operating in the overall market, and top ~ players accounted ~% share in the market in terms of transaction volume. The Brazil Cards and Payment Market is fragmented and has high intensified competition within industry players.
Future Outlook
Brazil Cards and Payments Market is projected to show a significant growth of CAGR ~% in the forecasted period of 2022-2027F, with the digitalization and the growth in the volume of high-net-worth individuals.
Changing lifestyles of consumers with varying demographics, the increasing popularity of online shopping, and the rising disposable incomes of the population, are major factors driving the Brazil Cards and Payments Market. The changing consumer preferences and distinct demographics of the country are expected to keep the market outlook stable in the near future.
Scope Of The Report
Scope of the Report
|
By Cards |
Debit Cards Credit Cards Prepaid Cards |
|
By Payment Terminals |
POS ATM's |
|
By Payment Instruments |
Credit Transfers Direct Debit Cheques Cash Payment Cards |
Products
Products
Key Target Audience
- Banks and Financial Institutions
- Cash Reconciliation Companies
- Payment Aggregators
- Payment Network Companies
- Payment Interface Companies
- M-Wallet Companies
- Payment Gateway Companies
Time Period Captured in the Report
- Historical Period: 2017-2022P
- Base Year: 2022P
- Forecast Period: 2022P-2027F
Companies
Major Players Mentioned in the Report:
- Banco do Brasil
- Caixa Econômica Federal
- Banco Bradesco
- Banco Santander
- Itau Unibanco
- BNP Paribas
- Banrisul
- Cielo
- Itau Unibanco
- Stone
- PagSeguro
- Bancoob
- Banrisul
- Elavon
- American Express
- Elo
- Hipercard Visa
- Diners Club
- Mastercard
Table of Contents
Table of Contents
1. Executive Summary
2. Country Overview of Brazil
3. Overview and Genesis of the Cards and Payment Market in Brazil
3.1 Ecosystem of Brazil Cards and Payment Market
3.2 Business Cycle of Brazil Cards and Payment Market
3.3 Timeline of Major Players of Brazil Cards and Payment Market
3.4 Value Chain Analysis of Brazil Cards and Payment Market
3.5 Brazil Cards and Payment Market Sizing, 2017- 2022P
4. Market Segmentations of Brazil Cards and Payment Market, 2017-2022P
4.1 Brazil Cards and Payment Market Segmentation by Cards
4.1 Brazil Cards and Payment Market Segmentation by Payment Terminals
4.1 Brazil Cards and Payment Market Segmentation by Payment Instruments
5. Snapshots on different Brazil Cards and Payment Market
6. Industrial Analysis of Brazil Cards and Payment Market
6.1 SWOT Analysis of Brazil Cards and Payment Market
6.2 Growth Drivers of Brazil Cards and Payment Market
6.3 Government regulations of Brazil Cards and Payment Market
6.4 Trends and Developments of Brazil Cards and Payment Market
6.5 Challenges of Brazil Cards and Payment Market
7. End User Analysis of Brazil Cards and Payment Market
8. Competitive Analysis of Brazil Cards and Payment Market
8.1 Market Share of Major Players in Brazil Cards and Payment Market, 2022P
8.2 Cross Comparison of Major Players in Brazil Cards and Payment Market
9. Future Outlook and Projections of Brazil Cards and Payment Market, 2022P-2027F
9.1 Future Market Sizing Analysis of Brazil Cards and Payment Market, 2022P-2027F
9.2 Future Outlook of Brazil Cards and Payment Market Segmentation by Cards
9.3 Future Outlook of Brazil Cards and Payment Market Segmentation by Payment Instruments
9.4 Future Outlook of Brazil Cards and Payment Market Segmentation by Payment Terminals
10. Analyst Recommendations
11. Research Methodology
Disclaimer
Contact Us
Research Methodology
Research Methodology
Step 1: Identifying Key Variables:
Our team will initially create an ecosystem for all the entities in the Cards and Payment Market that are providing cards and payment services, in Brazil Market.
Step 2: Market Building:
In the next step, we have referred to multiple secondary and proprietary databases to perform deck research around the market and collate industry-level information to create an initial level hypothesis. We will also explore company-level info by referring press releases, annual reports, financial statements, and other documents to understand basic information about the companies and market level.
Step 3: Validating and Finalizing:
Later our team will conduct a series of Interviews with multiple C-Level Executives and other stakeholders belonging to different companies to confirm the market hypothesis, validate statistics and seek operational and financial information from company representatives.
Step 4: Research Output:
Furthermore, to validate this data our team will pitch each company as a potential customer through a mystery shopping exercise and will confirm the operational and financial performance of Brazil Cards and Payment Market entities which have been shared by company executives and available on secondary databases. We will be conducting another set of CATIs with the respective entities to understand customer behaviour, channel preference, and other factors. We will also assess customer analysis in terms of their preferences and pain points.
Frequently Asked Questions
Frequently Asked Questions
01 How big is Brazil Cards and Paymnet Market?
The Brazil cards and payments market size was valued at USD 630 Bn in 2022 and is expected to achieve a CAGR of ~14% during 2022-2027.
02 How many people in Brazil have credit cards?
As per Ken Research and the Brazilian Payment System indicate that in June 2022, the number of credit cards were 190 Mn.
03 Who are the major Players in the Brazil Cards and Payment Market?
BANCO DO BRASIL, CAIXA and Bradesco are the major players in the Brazil Cards and Payment Market.
04 Who is the largest merchant acquirer in Brazil?
Cielo is the leading company in Brazil's merchant acquiring and payment market, with market share of ~30%.
05 Which credit cards are popular in Brazil?
Mastercard and Visa are the most commonly-used credit card networks in Brazil.
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