As the impacts of inflation, an adverse job market and reductions in the purchasing power of consumers are driving borrowers to seek credit, lenders are responding with more options of credit lines. For instance, grocery channels have now started to accept instalment payments by credit card for basic items, which was not previously common for this type of purchase, although popular for high-value purchases such as clothing, appliances, durables and travel.
As well as economic recovery, financial education is key to guarantee that Brazilian consumers are able to pay off their existing loans and apply for new loans in the coming years. Access to banks and financial institutions has been advancing in Brazil, with the majority of the adult population having some relationship with the National Financing System (SNF), and having access to credit.
Since COVID-19, millions of Brazilians of all ages and social groups have had to go digital and use platforms such as internet banking, and mostly smartphone applications, to access financial institutions. With the implementation of the open banking system by the Central Bank of Brazil (initiated in February 2021), consumer credit lines Brazil are set to become increasingly more competitive and personalised.
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Understand the latest market trends and future growth opportunities for the Consumer Credit industry in Brazil with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Consumer Credit industry in Brazil, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Consumer Credit
Non-mortgage consumer debt extended to individuals for personal or household use including installment loans and credit cards. Examples of consumer credit include auto lending, card lending, durables lending, education lending, home lending and other personal loans. Consumer credit includes both revolving and non-revolving credit.
See All of Our DefinitionsThis report originates from Passport, our Consumer Credit research and analysis database.
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