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Bank account ownership grew more in Latin America than in any other global region

Brazil experienced double-digit bank account ownership growth since 2017. Global Findex, a World Bank report produced with Gallup every three years, surveyed over 125,000 adults in 123 economies

Bank account ownership grew more in Latin America than any other global region
Pataxó indigenous people in Porto Seguro, Bahia, accepting credit card payments for sale of souvenirs to tourists. Photo: Joa Souza/Shutterstock

Latin America is the global region with the most growth in bank account ownership in the last four years, according to the Global Findex 2021, a World Bank report on the financial industry that is produced every three years in partnership with Gallup. 

Growth of 18 percent was recorded in the region, with more than 73 percent of Latin Americans holding bank accounts last year, compared to just 55 percent in 2017.  

This latest report illustrates how emergency measures to mitigate the effects of the international sanitary crisis in recent years set the stage for exponential digitization and financial...

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