Mobile Banking Reaches One-Third of All Transactions in Brazil

A survey shows that mobile banking in Brazil almost doubled in 2016, to 21.9 billion operations, for the first time exceeding internet banking.

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Mobile banking has become Brazil's preferred channel for banking operations and already accounts for one-third of all transactions made in the country, according to FEBRABAN (Brazilian Federation of Banks) Survey on Banking Technology 2017.

The survey showed that the use of mobile banking almost doubled in 2016, from 11.2 billion transactions to 21.9 billion and exceeded, for the first time, internet banking.

Mobile banking transactions in 2016 accounted for 34 percent of all banking transactions made in the country.

“The ability to make banking transactions using . . .

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