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

Published by Statista Research Department, Jul 24, 2024

Online banking penetration in Latin America increased gradually between 2019 and 2023. In 2019, the penetration rate stood at 22.25 percent, which increased to 33 percent in 2023. According to Statista, online banking penetration in the region will increase further in the following years, reaching 48.29 percent in 2029. 

Online banking penetration in Latin America from 2019 to 2023, with forecasts from 2024 to 2029

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Release date

May 2024

Region

Central and South America

Survey time period

2019 to 2023

Supplementary notes

Figures are estimates. Further methodology notes can be found here. 

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