An interesting article written by The Brazil Business which highlights the a general outlook of the Brazilian Credit Card market, along with trends and forecast for the use of credit in Brazil.
Some highlights of the article include:
“Credit transactions in Brazil have seen a double digit year on year growth but credit cards are still only available for less than half of the population. In this article we will be looking at the current scenario as well as outlook for credit in Brazil.”
“…the Brazilian economy has widely benefitted from the phenomenon known as the “rise of the middle class.”
“The general expectation is that credit cards will remain one of the most used payment methods in Brazil, despite the deceleration in consumption observed in Brazil after mid-2011. The growth rate of credit use has dropped over the last four years, but has never been inferior to two-digits.”
To read the entire article, click here.