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:

You May Also Like

Brazil Market Has Fallen 51% in 2008, Worst in Country’s History

The falling prices of oil, which hurt state-controlled oil multinational Petrobras, the most important ...

What You Can Do

What I discovered on this third journey opened my eyes to the possibility that ...

Great times ahead for the Northeast

Apparently cleaned from its endemic corruption, the Brazilian northeast seems ready to take its ...

Buying Fever by Brazilians Abroad Is Offset by Foreign Direct Investment

Brazil posted a record-high current account deficit in 2011 on rising profit remittances by ...

Brazil Wants the US and NATO to Keep Their Distance from South America’s Shores

The Brazilian government says that it rejects any interference of the North Atlantic Treaty ...

Brazil: While Lula is Away, Vice Trips and Bungles

While Brazilian President Lula is abroad, Brazilians are left in the hands of Vice ...

LETTERS

By Brazzil Magazine According to Ary Vasconcelos, in his book Carinhoso, Etc. (História e ...

Why Brazil’s Democracy Is in Danger

Bolivian President Carlos Mesa’s offer to resign his office and the crisis this generated ...

Brazil: Mercosur and Egypt Dreaming of Free Trade

The Mercosur, the customs union between Brazil, Argentina, Paraguay and Uruguay, has already sent ...

Brazilian Consumers Have Never Been So Confident

Brazilian consumers’ confidence in the economy and their own personal finances is on the ...