e-Commerce and Payments in Brazil
The largest e-commerce market in Latin America.
Brazil is adopting digital payments faster than any other country in the world. Supercharge your business with our alternative payment solutions in Brazil.
Market Overview
-
Population
213 million
-
Online Population
165.8 million
-
Currency
BRL
-
e-Commerce Market Value
$36 billion
-
GDP
$2.081 trillion
-
GDP per Capita
$9,034.00
Available Local Payment Method
Banco do Brasil
Type
Bank Transfer
Regions
South & Central America
Banco Itaú
Type
Bank Transfer
Regions
South & Central America
Banrisul
Type
Bank Transfer
Regions
South & Central America
Boleto
Type
Bank Transfer
Regions
South & Central America
Bradesco
Type
Bank Transfer
Regions
South & Central America
Caixa
Type
Cash
Regions
South & Central America
Loterías Caixa
Type
Cash
Regions
South & Central America
PIX
Type
QR Code
Regions
South & Central America
Santander
Type
Bank Transfer
Regions
South & Central America
Sicredi
Type
Cash
Regions
South & Central America
Key Takeaways
- Brazil, which accounts for over 30% of all online sales in Latin America, is the continent’s largest nation in terms of both population and land area. In addition to the cash-on-delivery Boleto Bancário payment option, which is popular among the 30% of Brazilians without access to a bank account, 80% of e-commerce purchases are done in installments.
- Brazilians still use cash to pay for household bills roughly 40% of the time, while 43% of payments are performed electronically.
- The launch of Pix, a multi-purpose open instant-payment system created by the Central Bank of Brazil is one of the most significant changes to the Brazilian payments scene.
