Latin America: institutions used by online banked population 2021

Published by Statista Research Department, Feb 15, 2023
In 2021, the majority of online banked population in Latin America used more than one financial institution. According to a survey carried out in August 2021, 76.4 percent of Brazilian respondents used the services of two or more financial institutions. Peru had the second highest share of respondents who used two or more banks, with 69.7 percent.

Distribution of online banked population in selected countries in Latin America in 2021, by number of financial institutions used

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Sources

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Release date

April 2022

Region

LAC

Survey time period

August 2021

Number of respondents

400 per country

Age group

18 years and older

Method of interview

Computer-assisted web interviews (CAWI)

Supplementary notes

The question was phrased by the source as follows: "How many banks or other providers do you currently operate with or have you contracted some type of financial or payment/collection service or product?"

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