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Just Released: "Brazil's Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape"

New Financial Services research report from Timetric is now available from Fast Market Research

 

Boston, MA -- (ReleaseWire) -- 03/10/2014 -- The Brazilian cards and payments industry grew during the review period (2008-2012) at a CAGR of 8.97%, to reach 540.7 million cards in circulation, and a transactions value of BRL1.8 trillion (US$917.1 billion) by the end of 2012. Changing lifestyle demographics, the increased popularity of online shopping and higher disposable income per capita supported growth in the number of cards in circulation.
Consumer preferences are expected to change the card payments channel's dynamics over the forecast period. The Brazilian middle classes have an average age of 34 years and distinct preferences compared to traditional middle-class populations. Brazilian customers are also becoming increasingly averse to credit-fueled spending. These factors prompted the diversification of the market and contributed to the emergence and growth of the prepaid and charge card categories.

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Key Highlights

- The debit and credit card categories are mature and are expected to record nominal growth over the forecast period; the debit cards category is expected to post a CAGR of 2.64% and the credit cards category is expected to record a CAGR of 5.34% in volume terms.
- A key factor that encouraged the growth of the prepaid cards category is the government legislation that levied a 6.4% charge on all foreign transactions made through credit cards issued in Brazil. As prepaid cards are preloaded with Brazilian real, transactions made through them are treated as domestic payments and have a lower tax rate of 0.38%.
- The growth of the card payments channel will be driven by the growth of online commerce, tourism, new product offerings, retail sales volume and private-label cards. High internet penetration is expected to promote online commerce, which, in turn, is expected to drive growth in the card payments channel.
- EMV cards, NFC and contactless payments are expected to drive growth on the card payments channel. The launch of EMV cards in Brazil by Banco Santander in 2011 brought about a secure and internationally accepted credit and debit cards transaction system.

Scope

- This report provides a comprehensive analysis of Brazil's cards and payments industry.
- It provides the value of Brazil's cards and payments industry for 2012, and a forecast figure for 2017.
- It details the different economic, infrastructural, consumer and business drivers affecting Brazil's cards and payments industry.
- It outlines the current regulatory framework in the industry.
- It details the marketing strategies used by various bankers and other institutions.
- It profiles the major banks in Brazil's cards and payments industry.

Reasons to Get This Report

- Make strategic business decisions using top-level historic and forecast market data related to Brazil's cards and payments industry and each market within it.

Companies Mentioned in this Report: Banco Bradesco SA, Banco Santander (Brasil) SA, Banco do Brasil SA, HSBC Bank Brasil SA, Banco Votorantim SA, Cielo, Redecard, MasterCard, Visa, American Express, Diners Club,

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