Open Finance in Brazil
At the end of 2023, Brazil’s #OpenFinance ecosystem counted 41 million accounts and 27 million customers. What can #Brazil teach us about implementing open finance in other countries?
➡ High use of #DigitalFinancialServices is a critical building block
➡ Education and awareness are essential
➡ Customers need to see clear benefits of participating in open finance
The rapid expansion of open finance in Brazil shows the potential to enhance #FinancialInclusion.