With over 177 million internet users, the country offers a robust and growing consumer market, characterized by a young and connected population.
Brazil frequently ranks among the top 10 largest economies globally. Within Latin America, it stands as the largest economy, followed by Mexico and Argentina.
people*
*Source: IBGE (Brazilian Institute of Geography and Statistics)
is Brazil’s market share (compared to other LATAM countries)
*Source: Statista for Digital Commerce
is the expected growth over the next 4 years*
*Source: Statista for Digital Commerce
In 2023, retail e-commerce in Brazil surpassed $36 billion in revenue, with projections for 2024 aiming to reach $44.5 billion.
The market increasingly demands robust payment technologies and specialized providers to meet Brazilian consumers’ preferences.
*Source: Statista for Digital Commerce
The fastest-growing payment method in the country available to your customers. PIX is an alternative, secure, inexpensive payment method with instant confirmation, available 24 hours a day, 7 days a week.
One of the most traditional payment methods in Brazil, boleto bancário allows online and physical store transactions, impacting even those customers without bank accounts.
Over 45%* of online transactions in Brazil are made with local credit cards. Boost your average ticket size and achieve better approval rates by accepting local cards and common installment methods in the Brazilian market.
*Source: Payment Methods Statistics – Central Bank of Brazil
Credit/Debit Cards
Pix
Boleto
Others
(Digital Wallets/Transfers)
A study by Ebit Nielsen reveals that over 57.8% of Brazilian consumers made online purchases from cross-border sites in 2023, with 15.5% shopping on these platforms 6 to 10 times a year.
We facilitate online transfers for third-party, whether for individuals or mass payments, efficiently and instantly, 24 hours a day, 7 days a week, including holidays.
