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