The organization of important international events, 2014 FIFA World Cup and 2016 Olympic Games, are major drivers for innovation and infrastructure improvement and development that will lead to an even faster development of new technologies.
In Telecoms, Brazil has a mobile penetration of 135,45 % still growing by about 7% annually. This important market growth provides a strong market base for SIM card vendors. Also, Brazilian authorities are planning to have 4G ready for the World Cup 2014 and Summer Olympics Games 2016, and have launched a major M2M program, called Contran 245 to curb car theft.
Brazil has the largest payment card market in Latin America and the second largest in Americas. The number of payment and banking cards in circulation are expected to reach more than 600 million by 2017. Already by end of 2013, smart cards are accounting for over 80% of total banking cards.
In 2010, the Brazilian Government introduced a new, high-tech Brazilian identity smart card, the RIC (Registro de Identidade Civil), Civil Identity Registry, a hybrid card supporting contact and contactless communication that delivers multiple functions, biometrics and other security features. The card will store biometric and biographical details. Brazil expects the RIC program to be fully implemented by 2019.
All of this, and a lot more, is described in Smart Insights White Paper “Brazilian Secure Transactions Market”. The White Paper can be downloaded free of charge from the company’s website.
http://www.smartinsights.net/White-papers