Note

April 06, 20 - 11:14 am - LABS

Card payments register decrease except in supermarkets and pharmacies

Due to the ongoing COVID-19 pandemic, purchases made with credit and debit cards registered a decrease in Brazil, according to a research by the Brazilian card association Elo, and reported by Folha de S.Paulo.

The survey points out that these types of transaction decreased since quarantines began in gas stations (-31%), bars and restaurants (-59%), clothing (-78%) and tourism (-80%).

On the other hand, card transactions registered growth in supermarkets (+25%) and pharmacies (+10%). The analysis on changes in card spending patterns was made from March 19 to April 1 and compared to the period between January 5 and February 22 in São Paulo and Rio de Janeiro, the two largest cities in Brazil.

-13%

was the decreased registered in ecommerce sales. However, there is growth in online transactions for some segments: bars and restaurants increased ecommerce sales with cards (+106%), supermarkets (+45%), retail (+13%) and pharmacies (+5%).