The Federative Republic of Brazil is the largest country in South America and in the Latin America region. It is the world's fifth largest country, both by geographical area and population. Link to external site : Website for Brazil |  |
| Wallets | |
| Development | Advanced Emerging |
| Send or Receive |
Receive Register/Log In |
| GDP ($m) |
1,313,361.36 Register/Log In |
| HDI classification | High |
| Mobile Connections (m) |
237.982 Upgrade to Bronze |
| Currency | BRL |
| Class | |
| CountryISO | BR |
| Sovereignity | Country |
| Territory of | - NA - |
{"type":"GeoChart","data":[["Country","Population(m)","Rank"],["BR",191.601,5]],"options":{"title":"Countries","region":"BR","displayMode":"regions","colorAxis":{"minValue":0,"maxValue":1500,"colors":["yellow","green","red"]}}}
{"type":"PieChart","data":[["Operator","Connections"],["Vivo - subsidiary of Telef\u00f3nica Brasil",68000000],["Telecom Italia group - TIM",60000000],["Claro (America Movil)",59000000],["Oi (Telemar Norte Leste)",46000000],["Nextel (NII)",4200000],["Rest ( 3 )",782000]],"options":{"title":"Connections","is3D":true}}
{"type":"ColumnChart","data":[["Year","Connections"],["Q4 2000",23288344],["Q4 2001",28911316],["Q4 2002",35044518],["Q4 2003",46732484],["Q4 2004",66209104],["Q4 2005",86872337],["Q4 2006",100803615],["Q4 2007",122253460],["Q4 2008",152439688],["Q4 2009",176442068],["Q4 2010",194890995],["Q4 2011",211060604],["Q4 2012",224435046],["Q4 2013",234963665],["Q4 2014",243065237]],"options":{"title":"Connections"}}
| Channel Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["ATM",3],["Location",4],["Mobile",8],["POS",3],["Web",4]],"options":{"title":"Initiatives ( 13 of 13 )"}} |
| COT Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["",2],["Bank",9],["Commercial agents",1],["MNO",2],["PSP",1],["Payment",1],["PostOffice",1],["Retail",2]],"options":{"title":"Initiatives ( 13 of 13 )"}} |
| Persona Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["BB",5],["DW",1],["MM",1],["MP",2],["MT",1],["MW",1],["OP",2]],"options":{"title":"Initiatives ( 13 of 13 )"}} |
| Products |
{"type":"ColumnChart","data":[["Category","Initiatives"],["AT",3],["BB",4],["BP",4],["CICO",1],["DMT",4],["DW",1],["G2P",1],["IMT",1],["LP",1],["MB",1],["MP",5],["NFC",1],["OP",3],["Trade",1]],"options":{"title":"Initiatives ( 13 of 13 )"}} |
| PI Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["Account",5],["Card",6],["Cash",4],["NFC",1],["Wallet",4]],"options":{"title":"Initiatives ( 13 of 13 )"}} |
| Central Bank | |
| Key Regulations | |
| Type of law |
Civil Upgrade to Bronze |
| Legal System |
Civil law; note - a new Brazilian civil law code was enacted in 2002 replacing the 1916 code Upgrade to Bronze |
| Law is based on |
Derived from the German and Roman civil law Upgrade to Bronze |
| Approach |
Ex Ante Upgrade to Bronze |
| Sectors active in Digital Money | |
| Exclusivity | |
| Certainty | |
| Openness | |
| Proportionate? | |
| Allowed Models |
Jointly Led Upgrade to Bronze |
| DominantModel |
Bank Led Upgrade to Bronze |
| E-Money |
Nonbanks cannot issue emoney. CBB has not issued regulations or guidance on nonbank prepaid schemes. Upgrade to Bronze |
| Payment | |
| Agent |
Very important for BB - Number 2 after Russia. Bill payment at agents has reached almost every municipality as of end 2010. Banking correspondent(BC) permitted with broad scope of acitivities: account opening, deposit, withdrawal. Large networks by Caixa and Bradesco Banks. More than 95000 in 2006. Nearly any retailer handling cash can act as BC. No integrated national id system. Many do not have official Id. Only nationwide doc is the taxpayer number commonly required for opening an account. MNOs not covered by AML/CFT law but FIU elieves that as they start to participate they should be required to report suspicious txns to CBB. 2004: New special type of bank account primarily offered by retail agents |
| Money Transfer |
CBB’s foreign exchange regulation requires exchange rate to be set upon receipt of funds. barrier to foreign remittances. Upgrade to Bronze |
| Taxation |
{"type":"Gauge","data":[["Label","Value"],["Mobile Penetration",94.91],["Banked",43],["Internet",26],["Urban",85],["Adult",73],["Literate",90.00936956]],"options":{"scaleHeight":0.5,"min":0,"max":100,"redFrom":76,"redTo":100,"yellowFrom":26,"yellowTo":74}}
| Population m | 191.60 |
| Adult % | 73.00 |
| Migrants % |
0.35 Register/Log In |
| Stock Immigrants ('000) |
688.00 Upgrade to Bronze |
| Emigration Rate % | |
| Internal Migrants ('000) |
17,000.00 Upgrade to Bronze |
| Internal Migration Rate % |
10.10 Upgrade to Bronze |
| Intl Movement Rate % | |
| Urban % | 85.00 |
| Female % | 46.40 |
| Literate % | 90.01 |
| Annual Growth % |
-1.60 Upgrade to Bronze |
| Mobile Penetration % | 94.91 |
| Banked % | 43.00 |
| Access to FS % | 43.00 |
| Internet % | 26.00 |
| Branches per 100k adults | 15.66 |
| ATMs per 100k adults | 110.19 |
| POS per 100k adults | 1,471.05 |
| Prepaid % | 80.40 |
| Prepaid SIM Registration | |
| MobileUnbanked (m) | 103.65 |
| Monthly ARPU |
12.49 Upgrade to Bronze |
| Cards 2010 ('000) | |
| Propensity % |
| Overall | |
| Population | |
| On Remittance Sent | |
| On Remittance Received | |
| Mobile Unbanked | |
| Migrant % | |
| MP % | |
| Banked % | |
| Development |
| Can Provide Payments? | |
| Can Market under Brand? | |
| Can issue E-Money? | |
| Can Open Customer Account? | |
| Can Own Customer? | |
| Can do Cash In/Cash Out? | |
| Can offer Domestic Money Transfer? | |
| Can offer International Money Transfer? |
| Importance for Digital Money | |
| Digital Money Adoption |
Mainstream Upgrade to Bronze |
| Registered Wallet Users |
250,000 Upgrade to Bronze |
| Top Wallets |
Caixa; Visa Cash based on TIBC Upgrade to Bronze |
| Informal Market | |
| Cost To Remit | |
| Key Players |
Movistar Trivnet Upgrade to Bronze |