Annual number of credit card transactions in Brazil 2012-2022, per capita
the market share of credit cards overtaking that of cash by 2021. Credit cards and debit cards combined made up more than half of all in-store payments in the Latin American country in 2021, although there was only a slight increase in their use since the coronavirus pandemic.
The market size of credit card payments in Brazil was relatively unaffected in the first year of the coronavirus pandemic but grew sizably in 2021. In 2021, the payment method made up roughly 75 transactions when compared to the country's population that year. Credit cards made significant strides in the South American country, with