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Financial Cards and Payments in Brazil

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    Report

  • 65 Pages
  • November 2021
  • Region: Brazil
  • Euromonitor International
  • ID: 1085522
In a scenario of a deteriorated labour market, high inflation and high uncertainty, taking on credit card debt might pose an additional challenge to some, rather than representing a solution to their problems. Although credit cards are seen as an enabler of consumption in times of compromised budget, they represent a double-edged sword. This type of card payment is mistakenly perceived as an extension of customers’ budget, while charging notably high interest rates.

The publisher's Financial Cards and Payments in Brazil report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.

Product coverage: Financial Cards in Circulation, M-Commerce, Transactions.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

  • Get a detailed picture of the Financial Cards and Payments market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market’s major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.

Table of Contents

EXECUTIVE SUMMARY
  • Financial cards and payments in 2021: The big picture
  • Instant payments impact the consumer payments landscape in Brazil
  • Debit and credit both affected by PIX, but in different ways
  • Macroeconomic woes act as a double-edged sword for card payments
  • WhatsApp Pay still to gain traction amongst Brazilian consumers
  • Opening the vault: open banking to increase competition and improve user experience with financial products

MARKET INDICATORS
  • Table 1 Number of POS Terminals: Units 2016-2021
  • Table 2 Number of ATMs: Units 2016-2021
  • Table 3 Value Lost to Fraud 2016-2021
  • Table 4 Card Expenditure by Location 2021
  • Table 5 Financial Cards in Circulation by Type: % Number of Cards 2016-2021
  • Table 6 Domestic versus Foreign Spend 2021

MARKET DATA
  • Table 7 Financial Cards by Category: Number of Cards in Circulation 2016-2021
  • Table 8 Financial Cards by Category: Number of Accounts 2016-2021
  • Table 9 Financial Cards Transactions by Category: Value 2016-2021
  • Table 10 Financial Cards by Category: Number of Transactions 2016-2021
  • Table 11 Consumer Payments by Category: Value 2016-2021
  • Table 12 Consumer Payments by Category: Number of Transactions 2016-2021
  • Table 13 M-Commerce by Category: Value 2016-2021
  • Table 14 M-Commerce by Category: % Value Growth 2016-2021
  • Table 15 Financial Cards: Number of Cards by Issuer 2016-2020
  • Table 16 Financial Cards: Number of Cards by Operator 2016-2020
  • Table 17 Financial Cards: Card Payment Transactions Value by Operator 2016-2020
  • Table 18 Financial Cards: Card Payment Transactions Value by Issuer 2016-2020
  • Table 19 Forecast Financial Cards by Category: Number of Cards in Circulation 2021-2026
  • Table 20 Forecast Financial Cards by Category: Number of Accounts 2021-2026
  • Table 21 Forecast Financial Cards Transactions by Category: Value 2021-2026
  • Table 22 Forecast Financial Cards by Category: Number of Transactions 2021-2026
  • Table 23 Forecast Consumer Payments by Category: Value 2021-2026
  • Table 24 Forecast Consumer Payments by Category: Number of Transactions 2021-2026
  • Table 25 Forecast M-Commerce by Category: Value 2021-2026
  • Table 26 Forecast M-Commerce by Category: % Value Growth 2021-2026

DISCLAIMER
SOURCES
  • Summary 1 Research Sources

DEBIT CARDS IN BRAZILKEY DATA FINDINGS
2021 DEVELOPMENTS
  • Instant payments pose more competition to debit cards than to any other financial cards
  • Consumers’ reluctance to rely on credit benefits debit cards
  • Even low-income users have access to credit, preventing a stronger performance for debit cards

PROSPECTS AND OPPORTUNITIES
  • WhatsApp Pay to contribute to debit online, but still has a long way to go
  • Debit cards need to create greater awareness around digital usage
  • Open banking to affect debit card offerings in the future

CATEGORY DATA
  • Table 27 Debit Cards: Number of Cards in Circulation 2016-2021
  • Table 28 Debit Cards Transactions 2016-2021
  • Table 29 Debit Cards in Circulation: % Growth 2016-2021
  • Table 30 Debit Cards Transactions: % Growth 2016-2021
  • Table 31 Debit Cards: Number of Cards by Issuer 2016-2020
  • Table 32 Debit Cards: Number of Cards by Operator 2016-2020
  • Table 33 Debit Cards Payment Transaction Value by Issuer 2016-2020
  • Table 34 Debit Cards Payment Transaction Value by Operator 2016-2020
  • Table 35 Forecast Debit Cards: Number of Cards in Circulation 2021-2026
  • Table 36 Forecast Debit Cards Transactions 2021-2026
  • Table 37 Forecast Debit Cards in Circulation: % Growth 2021-2026
  • Table 38 Forecast Debit Cards Transactions: % Growth 2021-2026

CREDIT CARDS IN BRAZILKEY DATA FINDINGS
2021 DEVELOPMENTS
  • Perceived as an extension of consumers’ budgets, credit cards contribute to increasing default
  • Open banking to set the tone for the competitive scenario of credit card portfolios

PIX to contribute to increased banking digitalisation, benefiting credit cards
PROSPECTS AND OPPORTUNITIES
  • Pent-up demand for travel to contribute to increased dynamism in credit cards
  • Facilitated access to credit cards is key, but needs to balanced by specific features
  • Capturing growth at the expense of store cards is key

CATEGORY DATA
  • Table 39 Credit Cards: Number of Cards in Circulation 2016-2021
  • Table 40 Credit Cards Transactions 2016-2021
  • Table 41 Credit Cards in Circulation: % Growth 2016-2021
  • Table 42 Credit Cards Transactions: % Growth 2016-2021
  • Table 43 Commercial Credit Cards: Number of Cards in Circulation 2016-2021
  • Table 44 Commercial Credit Cards Transactions 2016-2021
  • Table 45 Commercial Credit Cards in Circulation: % Growth 2016-2021
  • Table 46 Commercial Credit Cards Transactions: % Growth 2016-2021
  • Table 47 Personal Credit Cards: Number of Cards in Circulation 2016-2021
  • Table 48 Personal Credit Cards Transactions 2016-2021
  • Table 49 Personal Credit Cards in Circulation: % Growth 2016-2021
  • Table 50 Personal Credit Cards Transactions: % Growth 2016-2021
  • Table 51 Credit Cards: Number of Cards by Issuer 2016-2020
  • Table 52 Credit Cards: Number of Cards by Operator 2016-2020
  • Table 53 Credit Cards Payment Transaction Value by Issuer 2016-2020
  • Table 54 Credit Cards Payment Transaction Value by Operator 2016-2020
  • Table 55 Commercial Credit Cards: Number of Cards by Issuer 2016-2020
  • Table 56 Commercial Credit Cards: Number of Cards by Operator 2016-2020
  • Table 57 Commercial Credit Cards Payment Transaction Value by Issuer 2016-2020
  • Table 58 Commercial Credit Cards Payment Transaction Value by Operator 2016-2020
  • Table 59 Personal Credit Cards: Number of Cards by Issuer 2016-2020
  • Table 60 Personal Credit Cards: Number of Cards by Operator 2016-2020
  • Table 61 Personal Credit Cards Payment Transaction Value by Issuer 2016-2020
  • Table 62 Personal Credit Cards Payment Transaction Value by Operator 2016-2020
  • Table 63 Forecast Credit Cards: Number of Cards in Circulation 2021-2026
  • Table 64 Forecast Credit Cards Transactions 2021-2026
  • Table 65 Forecast Credit Cards in Circulation: % Growth 2021-2026
  • Table 66 Forecast Credit Cards Transactions: % Growth 2021-2026
  • Table 67 Forecast Commercial Credit Cards: Number of Cards in Circulation 2021-2026
  • Table 68 Forecast Commercial Credit Cards Transactions 2021-2026
  • Table 69 Forecast Commercial Credit Cards in Circulation: % Growth 2021-2026
  • Table 70 Forecast Commercial Credit Cards Transactions: % Growth 2021-2026
  • Table 71 Forecast Personal Credit Cards: Number of Cards in Circulation 2021-2026
  • Table 72 Forecast Personal Credit Cards Transactions 2021-2026
  • Table 73 Forecast Personal Credit Cards in Circulation: % Growth 2021-2026
  • Table 74 Forecast Personal Credit Cards Transactions: % Growth 2021-2026

CHARGE CARDS IN BRAZILKEY DATA FINDINGS
2021 DEVELOPMENTS
  • High-income consumers constitute the target audience for charge cards
  • Consumers struggle to understand the difference between charge and credit cards
  • Brazilians appreciate revolving credit, hampering growth for charge cards

PROSPECTS AND OPPORTUNITIES
  • Recovery of international tourism to help boost charge card transactions
  • Commercial customers will continue to drive the performance of charge cards

CATEGORY DATA
  • Table 75 Charge Cards: Number of Cards in Circulation 2016-2021
  • Table 76 Charge Cards Transactions 2016-2021
  • Table 77 Charge Cards in Circulation: % Growth 2016-2021
  • Table 78 Charge Cards Transactions: % Growth 2016-2021
  • Table 79 Commercial Charge Cards: Number of Cards in Circulation 2016-2021
  • Table 80 Commercial Charge Cards Transactions 2016-2021
  • Table 81 Commercial Charge Cards in Circulation: % Growth 2016-2021
  • Table 82 Commercial Charge Cards Transactions: % Growth 2016-2021
  • Table 83 Personal Charge Cards: Number of Cards in Circulation 2016-2021
  • Table 84 Personal Charge Cards Transactions 2016-2021
  • Table 85 Personal Charge Cards in Circulation: % Growth 2016-2021
  • Table 86 Personal Charge Cards Transactions: % Growth 2016-2021
  • Table 87 Charge Cards: Number of Cards by Issuer 2016-2020
  • Table 88 Charge Cards: Number of Cards by Operator 2016-2020
  • Table 89 Charge Cards Payment Transaction Value by Issuer 2016-2020
  • Table 90 Charge Cards Payment Transaction Value by Operator 2016-2020
  • Table 91 Commercial Charge Cards: Number of Cards by Issuer 2016-2020
  • Table 92 Commercial Charge Cards: Number of Cards by Operator 2016-2020
  • Table 93 Commercial Charge Cards Payment Transaction Value by Issuer 2016-2020
  • Table 94 Commercial Charge Cards Payment Transaction Value by Operator 2016-2020
  • Table 95 Personal Charge Cards: Number of Cards by Issuer 2016-2020
  • Table 96 Personal Charge Cards: Number of Cards by Operator 2016-2020
  • Table 97 Personal Charge Cards Transaction Value by Issuer 2016-2020
  • Table 98 Personal Charge Cards Transaction Value by Operator 2016-2020
  • Table 99 Forecast Charge Cards: Number of Cards in Circulation 2021-2026
  • Table 100 Forecast Charge Cards Transactions 2021-2026
  • Table 101 Forecast Charge Cards in Circulation: % Growth 2021-2026
  • Table 102 Forecast Charge Cards Transactions: % Growth 2021-2026
  • Table 103 Forecast Commercial Charge Cards: Number of Cards in Circulation 2021-2026
  • Table 104 Forecast Commercial Charge Cards Transactions 2021-2026
  • Table 105 Forecast Commercial Charge Cards in Circulation: % Growth 2021-2026
  • Table 106 Forecast Commercial Charge Cards Transactions: % Growth 2021-2026
  • Table 107 Forecast Personal Charge Cards: Number of Cards in Circulation 2021-2026
  • Table 108 Forecast Personal Charge Cards Transactions 2021-2026
  • Table 109 Forecast Personal Charge Cards in Circulation: % Growth 2021-2026
  • Table 110 Forecast Personal Charge Cards Transactions: % Growth 2021-2026

PRE-PAID CARDS IN BRAZILKEY DATA FINDINGS2021 DEVELOPMENTS
PIX as an enabler for pre-paid card issuers to increase banking as a service operations
  • The need to go digital during the pandemic has an impact on the performance of pre-paid cards
  • Gift cards also go digital and remain a practical means of improving the gift-giving experience

PROSPECTS AND OPPORTUNITIES
  • Gradual recovery in tourism flows to offer opportunities for pre-paid cards
  • Open banking to lead pre-paid card companies to widen their product range
  • Companies other than financial institutions invest in their own pre-paid cards

CATEGORY DATA
  • Table 111 Pre-paid Cards: Number of Cards in Circulation 2016-2021
  • Table 112 Pre-paid Cards Transactions 2016-2021
  • Table 113 Pre-paid Cards in Circulation: % Growth 2016-2021
  • Table 114 Pre-paid Cards Transactions: % Growth 2016-2021
  • Table 115 Closed Loop Pre-paid Cards Transactions 2016-2021
  • Table 116 Closed Loop Pre-paid Cards Transactions: % Growth 2016-2021
  • Table 117 Open Loop Pre-paid Cards Transactions 2016-2021
  • Table 118 Open Loop Pre-paid Cards Transactions: % Growth 2016-2021
  • Table 119 Pre-paid Cards: Number of Cards by Issuer 2016-2020
  • Table 120 Pre-paid Cards: Number of Cards by Operator 2016-2020
  • Table 121 Pre-paid Cards Transaction Value by Issuer 2016-2020
  • Table 122 Pre-paid Cards Transaction Value by Operator 2016-2020
  • Table 123 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2016-2020
  • Table 124 Closed Loop Pre-paid Cards: Number of Cards by Operator 2016-2020
  • Table 125 Closed Loop Pre-paid Cards Transaction Value by Issuer 2016-2020
  • Table 126 Closed Loop Pre-paid Cards Transaction Value by Operator 2016-2020
  • Table 127 Open Loop Pre-paid Cards: Number of Cards by Issuer 2016-2020
  • Table 128 Open Loop Pre-paid Cards: Number of Cards by Operator 2016-2020
  • Table 129 Open Loop Pre-paid Cards Transaction Value by Issuer 2016-2020
  • Table 130 Open Loop Pre-paid Cards Transaction Value by Operator 2016-2020
  • Table 131 Forecast Pre-paid Cards: Number of Cards in Circulation 2021-2026
  • Table 132 Forecast Pre-paid Cards Transactions 2021-2026
  • Table 133 Forecast Pre-paid Cards in Circulation: % Growth 2021-2026
  • Table 134 Forecast Pre-paid Cards Transactions: % Growth 2021-2026
  • Table 135 Forecast Closed Loop Pre-paid Cards Transactions 2021-2026
  • Table 136 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2021-2026
  • Table 137 Forecast Open Loop Pre-paid Cards Transactions 2021-2026
  • Table 138 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2021-2026

STORE CARDS IN BRAZILKEY DATA FINDINGS
2021 DEVELOPMENTS
  • Consumers perceive store cards as a way to save money and facilitate repayment
  • Indebtedness levels for store cards are low, as consumers depend on them for essential purchases
  • Traditional repayment channels for store cards resume traction with the lifting of restrictions

PROSPECTS AND OPPORTUNITIES
  • Consumers tend to avoid monthly instalments in times of uncertainty
  • Financial products as a tool to improve customers’ experience with retailer issuers
  • Open banking not expected to have a strong impact on store cards in the short term

CATEGORY DATA
  • Table 139 Store Cards: Number of Cards in Circulation 2016-2021
  • Table 140 Store Cards Transactions 2016-2021
  • Table 141 Store Cards in Circulation: % Growth 2016-2021
  • Table 142 Store Cards Transactions: % Growth 2016-2021
  • Table 143 Store Cards: Number of Cards by Issuer 2016-2020
  • Table 144 Store Cards: Payment Transaction Value by Issuer 2016-2020
  • Table 145 Forecast Store Cards: Number of Cards in Circulation 2021-2026
  • Table 146 Forecast Store Cards Transactions 2021-2026
  • Table 147 Forecast Store Cards in Circulation: % Growth 2021-2026
  • Table 148 Forecast Store Cards Transactions: % Growth 2021-2026