Online banking penetration in Latin America 2019-2024, with forecasts until 2029

Published by Statista Research Department, May 7, 2025

Online banking penetration in Latin America increased gradually between 2019 and 2024. In 2019, the penetration rate stood at 22.14 percent, which increased to over 35 percent in 2024. According to Statista, online banking penetration in the region will increase further in the following years, reaching 47.92 percent in 2029. 

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

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Release date

December 2024

Region

Central and South America

Survey time period

2019 to 2024

Supplementary notes

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

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