Brazil: fintech adoption rates 2019, by service type

Money transfer and payment platforms were the most used type of fintech service in Brazil in 2019. Fintech adoption represents the share of digitally active people who used two or more fintech services in the previous six months. In 2019, the fintech adoption rate in Brazil stood at 64 percent, with money transfers and payments showing the highest user penetration (77 percent).

Fintech adoption rates in Brazil in 2019, by type of service

Adoption rate
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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 source defines adoption rate as: "Percentage of digitally active people who used at least two fintech services in the last six months."

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Statistics on "Fintech in Brazil"

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