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Credit and Debit Cards Market in Brazil - 2023.03 Rankings

Credit and Debit Card customers in Brazil 
Highest quarterly market share growth ranking
Credit and Debit Card customers in Brazil  Highest quarterly market share growth ranking
The ranking of the five competitors that have had the greatest growth in market share during the first quarter of 2023 in number of clients shows that NU BANK (including NU PAGAMENTOS) has led with a growth of 1.30% in market share. They were followed by C6BANK (+0.25%), BTGPACTUAL (+0.17%), MERCANTIL (+0.14%) and INTER (+0.10%).

This competition dynamic has occurred in a growing market. At the end of the second quarter of 2023, 4.3 billion credit card transactions were registered in Brazil (8% more than in the same period of 2022). Debit card transactions reached 3.9 billion (5% year-on-year growth) and prepaid card transactions rose 9% to 1.9 billion. The above implies a total of 10.2 billion transactions and a year-on-year growth of the market in number of operations of 7% year-on-year.

Likewise, analyzing the volume of billing with cards during the first half of 2023, it turns out that credit cards reached R$ 1,1 trillion (a nominal 10% year-on-year growth compared to the first half of 2022). The volume operated with debit cards, for its part, reached R$ 0.47 trillion, falling 3.4% compared to the R$ 0.49 trillion in the same period of 2022.