Brazil card purchases may rise 6.5 pct next year, group says

Banco Bradesco

16/12/2016 12:02

SAO PAULO, Dec 16 (Reuters) - Credit and debit card 
purchases of goods and services in Brazil may rise an average 
6.5 percent next year, roughly unchanged from this year's 
estimate, a sign more consumers and companies continue to pick 
electronic means of payment over cash, an industry group said on 
Friday. 
    In a statement, the group representing merchant acquirers 
and payments processors known as Abecs said the volume of card 
purchases could total 1.22 trillion reais ($364 billion) next 
year, up from an expected 1.14 trillion reais in 2016.  
    ($1 = 3.3542 reais) 
 
 (Reporting by Guillermo Parra-Bernal; Editing by Chizu 
Nomiyama) 
 ((guillermo.parra@tr.com; Tel: +55-11-5644-7714; Mob: 
+55-119-8346-7153; Reuters Messaging: 
guillermo.parra.thomsonreuters.com@reuters.net)) 
 
Keywords: BRAZIL CARDS/OUTLOOK