Financial Cards and Payments in Brazil - New Market Study Published
2014 was marked by the worsening macroeconomic conditions in Brazil. Together with a slowdown in GDP growth, high inflation and household indebtedness levels resulted in a downturn in consumer confidence. Retail sales were also impacted by weak demand, and the hosting of the FIFA World Cup contributed to a strong slowdown of sales in June. Despite this challenging scenario, card payments continued to show significant growth in 2014. This performance was mainly driven by the replacement of cash...
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