Most POS payments in Brazil were performed with cash until 2018, but the market share of credit cards had overtaken cash by 2022. 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. A bigger shift can be seen at wallets, whose market share changed from three percent in 2019 to eight percent in 2020. This might have to do with the introduction of Pix - a real-time payments service that operates in both e-commerce and physical stores, through the use of QR codes. The majority of Pix' transaction volume is on a P2P basis, but is expected it will increasingly be used for the purchase of services and goods.
Market share of cash, credit cards, and other payment methods at point of sale (POS) in Brazil from 2017 to 2023, with a forecast for 2027
* The source made changes to its categories in 2021, see the "Details" tab for more information.
Supplementary notes
In 2022, the source stated it made two changes to the categories used in previous years. These include a combination of "credit cards" with "charge/deferred debit cards" and the split of BNPL from "POS financing" (which itself was added as a new category in 2020). The latter change was made to atone for the "growing importance of BNPL". This seems to have been reverted for "POS financing" in the 2023 report - which covered the figures for 2022.
The figures have been taken from several publications. No figures were available for 2018 as the source did not release any reports that year.
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Worldpay. (March 21, 2024). Market share of cash, credit cards, and other payment methods at point of sale (POS) in Brazil from 2017 to 2023, with a forecast for 2027 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1296669/preferred-payment-methods-brazil/
Worldpay. "Market share of cash, credit cards, and other payment methods at point of sale (POS) in Brazil from 2017 to 2023, with a forecast for 2027." Chart. March 21, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1296669/preferred-payment-methods-brazil/
Worldpay. (2024). Market share of cash, credit cards, and other payment methods at point of sale (POS) in Brazil from 2017 to 2023, with a forecast for 2027. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1296669/preferred-payment-methods-brazil/
Worldpay. "Market Share of Cash, Credit Cards, and Other Payment Methods at Point of Sale (Pos) in Brazil from 2017 to 2023, with a Forecast for 2027." Statista, Statista Inc., 21 Mar 2024, https://www.statista.com/statistics/1296669/preferred-payment-methods-brazil/
Worldpay, Market share of cash, credit cards, and other payment methods at point of sale (POS) in Brazil from 2017 to 2023, with a forecast for 2027 Statista, https://www.statista.com/statistics/1296669/preferred-payment-methods-brazil/ (last visited November 21, 2024)
Market share of cash, credit cards, and other payment methods at point of sale (POS) in Brazil from 2017 to 2023, with a forecast for 2027 [Graph], Worldpay, March 21, 2024. [Online]. Available: https://www.statista.com/statistics/1296669/preferred-payment-methods-brazil/
