Payments Via NFC Register 300% Growth In Brazil

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NFC: The financial sector is constantly changing in Brazil and around the world, adding new possibilities and making users’ lives easier. Pix is one of those new possibilities that has moved BRL 4 trillion so far, but NFC is also one of the technologies in expansion here: in the last quarter, the payment by approximation rose more than 300% compared to the same period of the last year.

According to information from the Brazilian Association of Credit Cards and Services (ABECS), the credit card was the most used option to make payments using NFC, with R$ 32.1 billion spent during the period. The debit card was in second place with $ 3 billion, while the prepaid card was in third and registered $ 15 billion.

Increase in NFC and cards

In total, BRL 100.5 billion were spent on NFC payments, an increase of 387.8% — and in 2020, growth was already 622% compared to the same period in 2019.