The Brazilian payments sector is estimated to have reached 22.2 billion transactions in 2017 with a base of over 509 million cards. Card transactions amounted to 13.3 billion with transaction value of US$ 381 billion. Large banks dominate the segment with cards representing 60% of online payments in Brazil. The average ticket for credit cards is almost twice as high as for debit cards in the country. Cielo and Redecard hold 87% market share as acquirers but there is considerable room for growth for non-cash payments in the country: 56 billion in Brazil vs. 283 billion in the United States in 2016.
This report analyses the subject market in Brazil, its main products and services, main players’ performance, overview of the global market and opportunities for different payment modalities in Brazil.