Mobile banking in Brazil grew by 96% year on year in 2016, and there are now 42 million mobile banking-enabled accounts in the country, according to a study by FEBRABAN, with 9.5 million people being "heavy users", who carry out over 80% of their banking via mobile. The study also found that internet banking is the choice for more complex transactions that aren't available via mobile and that internet banking transactions fell from 14 billion in 2015 to 11.6 billion last year.
Mobile banking in Brazil grew by 96% year on year in 2016, and there are now 42 million mobile banking-enabled accounts in the country, according to a study by the Brazilian Banking Federation, with 9.5 million people being "heavy users", who carry out over 80% of their banking via mobile. The study also found that internet banking is the choice for more complex transactions that aren't available via mobile and that internet banking transactions fell from 14 billion in 2015 to 11.6 billion last year.