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Shopping purchases in Brazil by credit and debit card totalled R$1.05 trillion in 2015. This represented an increase of 9% over 2014.
The figures are based on projections provided by ABECS, the Brazilian Association of Credit Cards and Services Companies.
It further revealed that the total amount transacted via credit cards was R$648 billion, an increase of 6.2%, whilst debit card use rocketed up with a 13.8% increase at R$402 billion.
allpago is the leading payment provider for the LATAM region. allpago provides the relevant local payment methods through one API and one single platform. allpago offers the best conversion rates ensuring state-of-the-art technology and legal advice necessary for a successful e-Commerce operation in LATAM.
allpago enables start-ups to Fortune 500 companies to offer the necessary local payment methods in the LATAM market, which account for around 80% of their revenues. Current clients include Art.com, Getty Images, Intel Security McAfee, Paylogic, Sumup, Teamviewer and many other leading payment and digital companies.
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