SAO PAULO, Feb 9 (Reuters) - Credit and debit card transactions in Brazil are likely to grow between 18% and 20% in 2021, reaching 2.38 trillion reais ($442.90 billion), industry group Abecs said on Tuesday.
Last year, card payments grew by 8,2%, mainly boosted by the government cash aid program paid to low income individuals to help weather the impacts of the pandemic.
If Brazil’s government decides to re-launch the cash aid program, Abecs head Pedro Coutinho estimates that card transactions could rise additional 10 to 12 billion reais this year.
$1 = 5.3737 reais Reporting by Aluisio Alves, writing by Carolina Mandl; Editing by David Gregorio
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