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A total population of 205 million and an active population of 175 million, Brazil is the largest economy of Latin America. Digital technology adoption has ballooned in recent years especially focused on online commerce, payments and banking, with 424 million active digital devices, of which 234 million are smartphones.

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Brazil

Brazil

Countries

Payment Methods Available in Brazil

Credit Cards

  • Visa
  • MasterCard
  • American Express
  • Elo
  • Hipercard
  • Diners
  • JCB
  • Discover

Bank Transfers

  • Boleto

    Cash

  • Pix
Indicadores

eCommerce Market
in Brazil

With double digit growth in recent years and a continued projected growth of 26% in 2021, the eCommerce market of Brazil represents 50% of the entire Latin American market.

  • Projected eCommerce

    Projected eCommerce sales in 2021 of USD 21 billion

  • Preferences

    74% of Brazilians prefer to make their purchases online and 80% of make purchases on their smartphone

  • Online purchases

    7 out of 10 online purchases are made with local credit cards

Brazil

Payments Method Matrix

The majority of online purchases are made with local credit cards even though new electronic payment methods are growing in popularity

70%

Local credit + debit cards

14%

Cash Networks

13%

Digital Wallets

3%

Local bank transfer