Smartphone and internet penetration:
Three-quarters of Brazilians used smartphones in 2017, which is expected to tick up to 86% by 2025 — and both figures are the highest across the region. Brazil's four largest banks control almost 80% of the country's deposits, with similar concentrations in credit and assets.regulatory agenda aims to stimulate competition in financial services.
Business Insider Intelligence dives into the hotbed of fintech activity taking place in Brazil in a new report, . The report examines the five trends mentioned above, as well as the country's notable fintech segments, six fintechs to watch within those segments, and opportunities and challenges to fintech growth in the region. Purchase & download the full report from our research store.