Such statements are based on the Management's assumptions and surmises on the Company's best knowledge and information. Forward-looking statements include information about our current intentions, assumptions or expectations, as well as those of the members of the Company's Board of Directors and Board of Executive Officers.
Forward-looking statements also include information regarding our possible or assumed future operating results, as well as statements that are preceded or followed by or that include the
words "believes", "may", "will", "continues", "expects", "anticipates", "intends", "plans", "estimates" or
similar expressions.
Forward-looking statements and information are not guarantees of performance. They involve risks, uncertainties and assumptions, as they refer to future events and therefore depend on circumstances that may or may not occur. Future results and value creation for shareholders may differ materially from those expressed in or suggested by forward-looking statements. Many factors determining these results and values are beyond CIELO's ability to control and predict.
The Company's consolidated financial statements are presented in thousands of Brazilian Reais (R$ thousand), in accordance with the Accounting Plan of the Institutions of the National Financial System (COSIF) and accounting practices adopted in Brazil.
Variation rates and sums contained in the tables and graphs are calculated before the rounding procedure.
INDEX
Acquiring Industry
Cielo at a Glance
Our Business
Financial Highlights
ESG
ACQUIRING
INDUSTRY
CARD PENETRATION ABOVE 50% IN 2022 AND ABECS' VOLUME PROJECTIONS
INDICATE FUTURE PENETRATION GROWTH IN 20231
Acquiring TPV and Cards Penetration in Household Consumption2 [R$ billion, %]
Previsão
3.6
27%
3.3
2.7
15%
2.1
1.8
14%
1.3
1.5
1.2
1.0
1.1
0.8
0.7
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023e
Penetração de
Cartões [%]
23,7%
25,4%
26,5%
27,6%
29,3%
31,5%
34,0%
37,6%
43,7%
50,4%
53%
1. Brazilian Cards Association (ABECS) forecast; 2. In 2021, Cardmonitor changed the methodology for calculating the total acquiring market, adjusting backwards to 2020. As of 2020, Cardmonitor takes into account the total ABECS volume, adding volume transacted by Banricompras and foreigners' spending in Brazil, and excluding Brazilian spending abroad; Source: Ipeadata, CardMonitor
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Disclaimer
Cielo SA published this content on 02 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 August 2023 22:31:40 UTC.
CIELO S.A. specializes in payment cards issuance and marketing. The activity is organized around two areas of activity:
- sale of payment means: credit cards, debit cards, online payment cards, prepaid cards, etc.;
- services: assistance, accounts and partner networks management services, etc.
CIELO S.A. 
