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Brazil

Brazil is leading a widespread FinTech revolution in Latin America. The increased prevalence of online payment options has led to a surge in financial inclusion, now at 85%. This was largely impacted by the Covid-19 pandemic, which saw 16 million people gain access to financial services.

Brazil flag

Population

214,326,223

Banked Population:

84.04%

Group 427321246

Main industries

Automobiles, Oil & Gas, Iron & Steel, Machinery & Equipment, Agriculture, and Textiles

Group 427321247

Main imports

Refined Petroleum, Motor Vehicles (parts & accessories), Pesticides, Integrated Circuits, and Packaged Medicaments

Group 427321248

Main exports

Soybeans, Iron Ore, Crude Petroleum, Raw Sugar, and Frozen Bovine Meat

GDP stats

$7,507.2

Per capita (USD)

4.6%

Growth annually

8

World ranking

Internet usage

81%

Smartphone usage

73%

Credit/debit card usage

62%

Population transacting electronically

58%

Group 427321245 1

Total volume of digital payments projected to reach

$83.9B (USD)

Payment Methods in Brazil

All
  • All Methods
  • QR Code
  • Cash
  • eWallet
  • ONLINE

QRCODE

Boleto

Cash

Bradesco Cash

Cash

Caixa Economica Federal

Cash

Lottery

Cash

PicPay

eWallet

Bradesco

Online

Banco do Brasil

Online

Caixa Economica Federal

Online

Caixa

Online

Itau

Online

PIX

Online

Santander Brazil

Online

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