Did you know Brazil’s consumers have been relying on e-payments more and more over the last 5 years? Since 2008, there’s been a 7.4 percent increase, and today, 27.3 percent of Brazilians utilize electronic payments.
Brazil is ranked number one by Visa on its Financial Literacy Barometer. That means, of all the countries that Visa services, Brazil cardholders had the strongest knowledge of credit cards, debit cards, banking, and other related financial topics.
More facts about how Brazil uses e-payments:
- The biggest increase in e-payment spending have been in the categories of dining out at 11 percent; travel at 9.5 percent; and clothing at 5.5 percent.
- Brazil scored a 71.7 out of 100 from Visa regarding government e-payment adoption.
- About 56 percent of Brazil’s population has access to financial services. For a closer look at Brazil’s e-payment profile, take a look at the infographic.
For a closer look at Brazil’s e-payment profile, take a look at the infographic.