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:

Ads

You May Also Like

US$ 7.4 Billion: Brazil Petrobras’s Profit Falls 20% in First Half

Brazilian state-controlled oil and gas multinational Petrobras had net profit of 13.55 billion Brazilian ...

Brazil’s Shout of the Excluded Demands New Economic Model

The manifesto of the Shout of the Excluded, a movement that got underway Monday, ...

Brazil’s Gutsy and Spirited War Against Microsoft

After five months of  being unemployed, Catarine Fernandes, 25, applied for a secretary job ...

Sí£o Paulo, Brazil, Gets Honorable Mention as World’s Robbery Capital

A new United Nations report reveals that fear of crime is driving investment away ...

Brazil’s Lula Tells US and EU to Keep Their Evil Eye Off the Amazon

In a speech to thousands of Indians in the state of Amazonas, in northern ...

More Heads to Roll in Brazil’s Bribing Scandal

Brazil’s ruling Workers Party, PT, is holding this Tuesday an Executive emergency meeting to ...

Brazil Still Immune to US Mortgage Crisis, But Not the Rest of LatAm

According to the joint indicator from Brazil's Getúlio Vargas Foundation (FGV) and the University ...

Rivelino, already a celebrity, from Brazilian Corinthians' Sub-13 team

For the First Time, Brazil Takes Sub-13 Soccer Talent to Mediterranean Cup

Thirty seven Brazilian boys have left to Qatar to pursue a typically Brazilian dream. ...

Guyana Gets 8 Tons of Medicine from Brazil

Another shipment of aid to Guyana left BrasÀ­lia today for the Guyanese capital, Georgetown, ...

Once World’s Top Rubber Producer, Brazil Imports the Product Today

The Brazilian production of rubber increased 233% in the last 12 years. The internal ...