Brazil’s Payment Market in 2014



According to Abecs (Brazilian Association of Credit Card Companies and Services), the financial turnover in 2014 should reach R$ 846 billion (US$ 367 billion), with 9.1 billion transactions – 16.9% growth over 2013.

Major milestone in the payment industry in 2013 was the establishment of a new regulation for the sector in October (Law 12.865/2013) in order to mitigate financial market risks and promote operation stability of arrangements and payment institutions.

A fierce market competition is expected for 2014, especially with the consolidation and increase in the operation volume from players like Elavon and First Data, which will probably cause decrease in the Merchant Discount Rate, favouring the Merchants.

Leading analysts expect 2014 to register a business growth in the cards payment business similar to 2013 – around 17%. However, 2014 is the year of World Cup and Presidential Elections and these events can affect forecasts.

Payments via mobile, messages (SMS e USSD), mobile wallets and apps stand to increase in 2014. Regarding the e-Commerce, the 3D Secure technology might improve authentication processes and reduce fraud and suspicious transactions.

The expansion of internet penetration and growth of M-Commerce (smartphones and tablets transactions) will positively impact the Brazilian e-Commerce, which is forecast to expand 27% in comparison to 2013, according to ABComm.

About allpago international

allpago international provides a full-spectrum of payment services in the LATAM region. allpago works as a payment gateway, a white label payment service provider (PSP) or a product and service reseller for merchants and payment service providers interested in the LATAM markets.

allpago’s features include one-click payments, recurring payments, instalments, dynamic descriptor and mobile payment solutions. The company’s html 5.0 code allows multiscreen and is as easy to implement into the store through the “plug and pay” feature. Furthermore, the company offers a fully integrated Risk Management Solution with more than 70 checks. allpago has recently become the first LATAM payment solution provider of the Merchant Risk Council (MRC).

Current clients include,, McAfee, Teamviewer, and many other leading payment or digital companies from various sectors.


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