DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/mvf7jw/emerging) has announced the addition of the "Emerging Opportunities in Brazil's Cards and Payments Industry: Market Size, Trends and Drivers, Strategies, Products and Competitive Landscape" report to their offering.
The Brazilian card market has a relatively mature credit and debit card segment and the market as a whole grew at a compound annual growth rate (CAGR) of 10.71% during the review period. The prepaid card and charge card markets in Brazil are emerging. Private label cards were also in circulation and are expected to emerge as a mainstream card segment in the forecast period. The debit and credit markets are mature and are expected to grow only nominally in the forecast period. The debit card market is expected to post a CAGR of 2.9% and the credit card market is expected to grow at a CAGR of 6.5% in volume terms. However, the prepaid and charge card markets are expected to be the prime drivers of the Brazilian card market. The charge card market is expected to grow at a CAGR of 7.3% and the prepaid card market is expected to grow at a CAGR of 9.33% in volume terms during the forecast period.
Key Highlights
- A key factor that spurred the growth of the Brazilian prepaid card market is the government legislation that levied a 6.38% charge on all foreign transactions made through Brazilian credit cards.
- The forecasted growth in the card market is expected to be fuelled by a number of key business drivers. These include the growth of online commerce, the growth of tourism, innovative product offerings, the growth of retail sales volume and growth of private label cards.
- High internet penetration is expected to boost online commerce, which in turn is expected to foster card market growth. Large tourist inflows into the country are expected to fuel the demand for travel cards and transit cards.
- The regulatory landscape in the cards and payments sector is undergoing significant change and the stance of the central bank is to pursue steps that promote competition in the market.
Key Topics Covered:
1 Executive Summary
2 Market Attractiveness and Future Prospects of Cards and Payments Industry
3 Analysis of Brazilian Cards and Payments Market Drivers
4 Emerging Consumer Attitudes and Trends
5 Competitive Landscape and Industry Dynamics
6 Strategies Adopted by Key Players
7 Market Size and Growth Potential of Payment Card Industry
8 Profile of Key Players, Products and Strategies
Companies Mentioned
- Caixa Econômica Federal
- Banco Bradesco
- Banco Santander Brasil
For more information visit http://www.researchandmarkets.com/research/mvf7jw/emerging