• Categories
  • Archives

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%.


  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


You May Also Like

Brazil Entrepreneurs Ask For Less Red Tape and Flexible Labor Laws

Brazilian entrepreneurs participating in a meeting, last week, with the presidential candidates, organized by ...


By Brazzil Magazine Mato Grosso and Mato Grosso do Sul are separate states, although ...

Best-seller Books, Plays and Movies

(*Before Cardoso) The public sector has played a crucial role in Brazil’s economic development. ...

Déjà Vu: Lula da Silva Quadros

Six months ago, who would be deranged enough to predict that public servants would ...

Best-seller Books, Plays and Movies

By Brazzil Magazine Plays, movies & best-seller books PLAYS Rio Como Encher um Biquíni ...

A Confederate Descendant Becomes Today Brazil’s First Female Chief Justice

This Thursday afternoon, April 27, during a formal ceremony, Justice Ellen Gracie Northfleet, 58, ...

Brazil Wants a More Competitive War Industry

Brazil’s Vice-President and Minister of Defense, José Alencar, claimed yesterday that Brazilian companies that ...

Dollar Fall Scares Brazilian Industry

Exports by the Brazilian textile industry may be damaged by the depreciation of the ...

After Two Years Jobs Start to Fall in Brazil

In September, Brazilian industry interrupted a 2-year trend, when it had a higher number ...