Brazil: main barriers to fintech adoption 2019

In a survey carried out in 2019, 21 percent of respondents in Brazil said they preferred using traditional financial institutions rather than fintechs because of a lack of clarity involving fintech operations. In addition, 18 percent of respondents chose traditional financial institutions because they perceived they could establish a more trustworthy relationship.

Main reasons why consumers prefer to use traditional financial institutions instead of fintechs in Brazil in 2019

Share of respondents
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Source

Release date

September 2019

Region

Brazil

Survey time period

February 4 to March 11, 2019

Number of respondents

Approx. 27,000 respondents*

Age group

18 years and older

Method of interview

Online survey

Supplementary notes

* Total number of respondents in 27 markets in 2019.
The wording chosen for this statistic may differ slightly from the one in the survey.

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Statistics on "Fintech in Brazil"

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