Cards And Payments Market: Brazil/China/Russia /Australia/India Market Size, Trends and Drivers, Strategies, Products and Competitive Landscape
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The Brazilian card market has relatively mature credit and debit cards segments and the market as a whole grew at a CAGR of 10.71% during the review period. The prepaid card market in Brazil is emerging and so is the charge card market. Private label cards were also in circulation and are expected to emerge as a mainstream card segment in the forecast period. The debit and credit markets are mature and are expected to grow only nominally in the forecast period. In the forecast period, the debit card market is expected to post a CAGR of 2.9% and the credit card market is expected to grow at a CAGR of 6.5% in volume terms. However the prepaid and charge card markets are expected to be the prime drivers of the Brazilian card market. The charge card market is expected to grow at a CAGR of 7.3% and the prepaid card market is expected to grow at a CAGR of 9.3% in volume terms during the forecast period.
A key factor that spurred the growth of the Brazilian prepaid card market is the government legislation that levied a 6.38% charge on all foreign transactions made through Brazilian credit cards.
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However, since prepaid cards are preloaded with the Brazilian real, the transactions made through them are treated as domestic payments and have a lower tax rate of 0.38%. This has resulted in large scale subscription of prepaid cards.
This report provides a comprehensive analysis of Brazil's cards and payments market It provides current values for Brazil's cards and payments market for 2011 and forecast figures for 2016 It details the different macroeconomic, infrastructural, consumer and business drivers affecting Brazil's cards and...