Cross-border payment solution empowering your business presence across Latin America

Brazil

Brazil's economy in 2025 is demonstrating steady growth and continued resilience, with GDP expected to expand by approximately 2.2% to 2.3%, following a robust 3.4% growth in 2024. This growth is primarily underpinned by strong domestic demand, a dynamic agricultural sector, buoyant manufacturing, and expanding services industries. Brazil remains one of the world's leading producers and exporters of key commodities such as soybeans, coffee, iron ore, and beef, playing a crucial role in the global supply chain while bolstering its trade balance.

Agribusiness continues to be a main pillar of the economy, benefiting from both domestic consumption and international demand, particularly in Asia and other emerging markets. The mining sector also contributes significantly, supported by rising global commodity prices and sustained investment in exploration and production. Manufacturing and industrial production are gradually recovering, which together with the services sector—comprising finance, retail, telecommunications, and information technology—forms the backbone of Brazil's diversified economy.

Consumer spending remains a vital driver of growth, supported by gradual improvements in employment and wage levels, though it faces some pressure from elevated inflation and interest rates. Inflation is moderating due to tighter monetary policies, with the central bank's benchmark interest rate maintained near 14.75% to keep price pressures under control. Monetary policy remains vigilant, balancing inflation control and economic growth support.

Brazil's business environment benefits from ongoing structural and regulatory reforms aimed at improving productivity, streamlining bureaucratic processes, enhancing the tax system, and fostering a more competitive marketplace. Key reforms focus on innovation, digital transformation, sustainability, and green investments, aligning with global trends and increasing investor confidence. The government's emphasis on infrastructure development through public-private partnerships is also creating significant opportunities for business expansion, especially in transportation, energy, and urban development sectors.

While the economy exhibits promising growth, several challenges persist, including fiscal pressures and high public debt levels. The currency market is prone to volatility influenced by external shocks and geopolitical uncertainties, which require cautious policy management. Moreover, social inequality and regional disparities continue to be long-term issues influencing economic inclusiveness and stability.

Payment methods in Brazil: