Online banking penetration in Brazil 2019-2023, with forecasts to 2029

Published by Statista Research Department, Jul 29, 2024

The penetration rate of online banking in Brazil increased significantly between 2019 and 2023. According to Statista, in 2023, almost 50 percent of the population used online banking. Statista estimates that the penetration rate will increase further in the coming years, exceeding 68 percent in 2029. 

Penetration rate of online banking in Brazil from 2019 to 2023, with forecasts from 2024 to 2029

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Release date

May 2024

Region

Brazil

Survey time period

2019 to 2023

Supplementary notes

Figures are estimates. Details on methodology can be found here. 

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