In 2020, the cash preferring segment in Latin America significantly decreased, as more people adopted fintech platforms. Before the COVID-19 pandemic, around 45 percent of the population did not use any financial product, while five months after quarantine, this share dropped to 34 percent. People willing to try jumped from 10 percent to a quarter of the population during the same period.
Distribution of the adult population before and during the COVID-19 pandemic in Latin America in 2020, by financial inclusion stage
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MasterCard. (October 12, 2020). Distribution of the adult population before and during the COVID-19 pandemic in Latin America in 2020, by financial inclusion stage [Graph]. In Statista. Retrieved May 13, 2024, from https://www.statista.com/statistics/1229110/latin-america-financial-inclusion-stage/
MasterCard. "Distribution of the adult population before and during the COVID-19 pandemic in Latin America in 2020, by financial inclusion stage ." Chart. October 12, 2020. Statista. Accessed May 13, 2024. https://www.statista.com/statistics/1229110/latin-america-financial-inclusion-stage/
MasterCard. (2020). Distribution of the adult population before and during the COVID-19 pandemic in Latin America in 2020, by financial inclusion stage . Statista. Statista Inc.. Accessed: May 13, 2024. https://www.statista.com/statistics/1229110/latin-america-financial-inclusion-stage/
MasterCard. "Distribution of The Adult Population before and during The Covid-19 Pandemic in Latin America in 2020, by Financial Inclusion Stage ." Statista, Statista Inc., 12 Oct 2020, https://www.statista.com/statistics/1229110/latin-america-financial-inclusion-stage/
MasterCard, Distribution of the adult population before and during the COVID-19 pandemic in Latin America in 2020, by financial inclusion stage Statista, https://www.statista.com/statistics/1229110/latin-america-financial-inclusion-stage/ (last visited May 13, 2024)
Distribution of the adult population before and during the COVID-19 pandemic in Latin America in 2020, by financial inclusion stage [Graph], MasterCard, October 12, 2020. [Online]. Available: https://www.statista.com/statistics/1229110/latin-america-financial-inclusion-stage/