According to Kepios, 89% of Puerto Ricans had access to the internet at the beginning of 2022. According to the US Census, approximately 66% of the island’s Puerto Ricans had a smartphone or handheld computer in 2018, compared to 43% five years earlier.
No Open Banking
36% of Puerto Ricans are unbanked.
Over 600 entrepreneurial companies, which include Fintechs, e-commerce and software development, operate in Puerto Rico. The Fintech sector has been growing around 25% year on year.
Puerto Rico ranks first in the region as there are higher rates of education and training.