Plastic Money Use in Brazil Jumps 17%. There Are 191 Million Cards

Visa and MasterCard issued by Brazil's Bradesco bank The number of transactions in Brazil using credit cards, debit cards, and store cards reached 1.12 billion in the first quarter this year. Turnover from card transactions was US$ 31.3 billion, 17% more than in the same period of 2006, according to data provided by the Brazilian Association of Credit Card Companies and Services (ABECS).

The highlight in the period was transactions using debit cards. These transactions increased by 18%, up from US$ 7.9 billion in the first three months of 2006 to US$ 9.2 billion during the same period of 2007.

Compared with the first quarter of 2006, there were 45 million more transactions and 15 million more cards in circulation, totaling 431 million transactions and 191 million cards.

Credit cards accounted for the largest share of expenses for electronic means of payment, with a turnover of US$ 18.9 billion in the first quarter of 2007. Credit card expenses saw a 17% increase compared with the same months of 2006.

Tags:

Ads

You May Also Like

Lula Invites African Continent to Start Green Revolution with Brazil’s Help

At the opening of the African Union (AU) heads of state assembly, in Sirte, ...

Brazil: China Lifts Soy Ban

Brazil should resume soon its shipment of soy to China, after a two-month-long embargo. ...

Marcos Rey’s Mon Gigolô – In Portuguese

By then the first gray hairs were showing up, his belly grew up a ...

Brazil Prods Haiti to Vote and Offers Support

The message that Brazil’s Minister of Foreign Relations, Celso Amorim, conveyed to the election ...

60% of Wood Cut in Brazilian Amazon Goes to Waste

Studies by Brazil’s Amazonian Institute for Man and the Environment (IMAZON), a non-governmental organization ...

Despite Lower Dollar Brazilian Shoemaker Wants to Export More

Grendene, a shoe company from Brazil, has expanded the volume of its exports by ...

Brazilian TV Producers Try Selling Pitch on Americans and Europeans

Brazil's Export and Investment Promotion Agency (Apex) and the Brazilian Association of Independent Producers ...

Brazil Joins Argentina to Build Lab for AIDS Drugs

Argentina and Brazil will join efforts to build a pharmaceutical plant for the production ...

Pope Benedict XVI goes to Brazil

Brazil Hoping Pope’s Visit Will Turn Into a US$ 30 Million Blessing

Pope Benedict XVI coming visit to Brazil from May 9 to 13 is expected ...

Computer, Iron and Oil Lead 3.1% Expansion in Brazil Industry

Brazil's manufacturing production accumulated 3.1% growth in the first eleven months of 2006 compared ...