The size of the Credit card Market was valued at USD 19942.01 million in 2023 and is projected to reach USD 26615.50 million by 2032, with an expected CAGR of 4.21% during the forecast period. The rising adoption of digital payments, increasing consumer spending, and growing e-commerce industry are key factors driving market growth. Additionally, government initiatives to promote cashless transactions and financial inclusion are contributing to the market's expansion. Major players in the market include American Express, Banco Itau, Bank of America Merrill Lynch, and Bank of Brazil. Recent developments include: December 2023: Mastercard Inc. and Samsung Electronics collaborated on Wallet Express, a recently introduced Mastercard initiative. The service gives card issuers and banks an easy way to add more digital wallet options to their portfolio at a reasonable price., May 2023: Two and a half years after purchasing Lakshmi Vilas Bank (LVB), Singapore's DBS Bank hopes to solidify its position by adding a super-premium credit card to its retail product portfolio as soon as this week., May 2023: Citigroup Inc. intends to launch Citi Pay Credit, a brand-new credit card. It is appropriate for people who want to buy bigger things. It will also enable retailers to provide promotional loans to private customers..

In 2019, Itaú Unibanco Brasil led the ranking of best dividend-paying Brazilian banks, with a dividend yield of 9.43 percent per share of stock with the ticker symbol 'ITUB3'. This Brazilian bank reached a profit of nearly 28 billion Brazilian reals that year.

As of September 2019, Itaú Unibanco led the ranking of leading banks in Brazil based on value of deposits. As of that point in time, this financial institution reported deposits of more than 129 billion U.S. dollars.

At the end of 2024, Nu Holdings secured the position of Brazil's largest bank by market capitalization. The neobank achieved a market cap of 49.65 billion U.S. dollars, narrowly surpassing Itaú Unibanco, which ranked second. Banco Santander held the third position with a market value of 28.87 billion U.S. dollars.

In 2023, Itaú Unibanco was the leading bank in Brazil based on total assets, with total assets exceeding 555.7 billion U.S. dollars. Banco do Brasil ranked second, with assets amounting to approximately 447.7 billion U.S. dollars. The total value of assets of Brazilian banks added up to over 2.3 trillion U.S. dollars in 2022, a figure that has been consistently increasing since 2002. Brazilian banking networkBrazil was the country with the highest number of bank branches in Latin America, with more than 17,216 branches in 2022. However, in terms of accessibility, the South American country lags some regional counterparts. In 2022, the density of bank branches in Brazil reached only 10 per 1,000 adults; in comparison to 12 bank branches per 1,000 adults in Mexico. Neobanks in BrazilWith the use of financial technology increasing around the world, online banking is becoming ever more popular, and the Brazilian market is no exception. In fact, Brazil is home to one of the leading neobanks worldwide, Nubank. Nubank's active users increased sharply in 2023, while its operating revenue almost doubled in 2023, exceeding eight billion U.S. dollars.

In 2024, Itaú was the most valuable Brazilian banking brand, with a brand value of over 8.3 billion U.S. dollars. Banco do Brasil (BB) and Bradesco rounded up the top three with brand values of around 5.5 billion and five billion dollars, respectively. Overall, Itaú was also Brazil's most valuable brand in 2024.