São Paulo – Credit and debit card transactions conducted in Brazil in the first half of this year were up 16.3% from the same period in 2013. Sales using the two types of cards amounted to R$ 455 billion (US$ 202.2 billion), according to a survey released this Tuesday (19th) by the Brazilian Credit Card and Services Association (Abecs).
As per the survey, credit card transactions increased by 13.5% to R$ 291 billion (US$ 129.3 billion). Debit card transactions were up 21.6% to R$ 164 billion (US$ 72.88 billion). Credit card spending by foreigners in Brazil also soared due to the FIFA World Cup. Foreign visitors spent R$ 1.3 billion (US$ 577.7 million) using credit cards in June, up 96.9% from June 2013.
*Translated by Gabriel Pomerancblum
