Inflation impact on online payment use Brazil 2022

Inflation in 2022 changed payment behavior for online shopping in Brazil, with five out of 10 respondents now paying with a credit card. This according to a survey held in 10 different countries across North America, Europe, and Latin America, and purely asked on whether cost of living had changed payment behavior in those countries. BNPL, and crypto were all used more often, but neither saw the largest growth: 52 percent of respondents who changed their payment habits because of the rising cost of living in 2022 are paying online with credit cards more often than they did in the previous year. The source adds this is different from other countries it surveyed, stating that debit cards were often the payment method with the highest increase.

Share of consumers in Brazil who indicated that increasing cost of living changed their preferred online payment methods in 2022

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Release date

June 2022

More information

Region

Brazil

Survey time period

April 2022

Number of respondents

1,007 (614 of whom changed payments)

Special properties

Consumers; Figures on individual payment methods refer to those consumers who indicated they have changed their payment habits

Method of interview

Email survey

Supplementary notes

The figures shown here are from two separate, but connected survey questions. These were phrased by the source as follows:

"Has the rising cost of living impacted your choice of payment method for online purchases?";
"You have said you have changed the way you use certain online payment methods. Which payment methods are you using more often?"

The source does not provide information regarding multiple answering options.

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