Brazil Gets 10 Million New Credit Cards in 3 Months. Total Now: 347 Million.

The Brazilian market of electronic means registered an increase in 10 million credit, debit and store cards in circulation. The country had registered 337 million units in December 2005.

At the end of the month of March, this number jumped to 347 million, with a total turnover of US$ 26 billion in the quarter.

These results are part of the ABECS Monitor for the Cards Market, developed by the Brazilian Association of Services and Credit Cards Companies (ABECS). The information was disclosed by the ABECS communication advisory.

Here is a breakdown on the way Brazilians use credit, as reported in a survey by the Credicard group on November 2003. Credit operations available to the consumer are credit cards, personal loans, special checking accounts and mortgages.

Almost half of all credit operations are personal loans (49.2%). Use of special checking accounts is in second place with 17.7% of credit operations. Credit cards are in third place with 11.4%. Mortgages are in fourth with 3.1%.

Tags:

You May Also Like

Indian Airline Orders Five Jets from Brazil’s Embraer

Embraer announced today at the Paris Air Show that Indian start-up airline Paramount Airways ...

What If Lula Had Lost Brazil’s Election?

The election of Luiz Inácio Lula da Silva, Brazil’s current president was a historic ...

Music: Brazil’s Latest Export Product

Brazil wants to show its beat. If this is the country of music, why ...

The Economy of Chaos

For long considered a patrimony of Brazilian music, Francisco Buarque de Hollanda, better known ...

Brazil’s Unibanco and AIG End 11 Year Partnership

Brazilian Bank Unibanco – União de Bancos Brasileiros S.A. and American International Group, Inc. ...

Brazilian Small Farmer Learns Technology Is His Friend

Technology is no longer a privilege of large rural properties in Brazil. More and ...

Among World’s 100 Best Schools Brazil’s USP Advances 26 Points

Brazil's USP, the University of São Paulo, was considered the 87th best university in ...

Who’s Left to Cheer Brazil’s Lula? Banks and Speculators.

Later, as always, palatian aulics gather around the Nation’s President to comment on the ...

Brazil Court Maintains One Year Sentence Against Professor for Defamation

Brazilian Professor Emir Sader was sentenced in October 2006 to one year in prison ...

Brazil: Sí£o Paulo and Rio Have Become Quite Expensive to Live In

Thanks to a strong appreciation of the Brazilian Real against the US dollar, São ...