Two-thirds of Chileans have a bank account, making it one of the most-banked Latin American markets. The number of checking accounts in the country tripled, to 21 million, in the 10 years to the end of 2016.
Chilean consumers are also taking to online banking, although in more limited fashion. This graph shows the number of clients at each of the bigger banks who logged into their accounts online. Across all banks, 9.2 million clients logged in during January this year, an 80% increase from five years earlier.
IN PICTURES: Borrowing vs deposit rates at LatAm banks
A 1-minute tour of the state of fintech regulation in Latin America
Should big tech be financially regulated?
These blockchain projects have the potential to revolutionize finance in the region
SURVEY: What’s the biggest limitation of blockchain?
Think you know what’s what when it comes to the payments industry in Latin America? See if you can match the speaker with the quote
Should tech companies be regulated by financial authorities?
No: Any financial services they offer are minor ancilliary business
Maybe: If they seek a banking license
Yes: Any company offering credit or payments should be monitored by financial regulators