Neobanking Market Size, Trends, Demand, Growth and Latest Insights 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Neobanking Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global neobanking market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How big is the neobanking market?

The global neobanking market size reached US$ 76.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,046.7 Billion by 2028, exhibiting a growth rate (CAGR) of 51.1% during 2023-2028.

Neobanking Market Report 2023-2028


What is neobanking?

Neobanking is a digital-only banking solution that simplifies traditional banking processes by providing fast, secure, and convenient access to financial services through a user-friendly mobile app or website. It offers various services, including mobile banking, managing finances, paying bills, transferring money, and investing. It provides multiple benefits, such as a user-friendly interface, lower fees, improved user experience, 24/7 access to financial services, instant loan approvals, advanced budgeting tools, and personalized investment advice. Currently, personal finance, business, and investment are some of the common types of neobanks.

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What are the growth prospects and trends in the neobanking industry?

The increasing demand for personalized banking services is primarily driving the global neobanking market growth. Moreover, shifting consumer inclination toward mobile banking and cashless transactions is boosting the market growth. Besides this, the escalating need for financial wellness and management tools and the integration of advanced technologies, such as chatbots and artificial intelligence (AI), with banking services to increase productivity are creating a positive outlook for the market.

Furthermore, the emergence of open banking and an application programming interface (API), the rising demand for convenient financial products and services that can be operated in real-time through online channels, and the proliferation of smartphones and the internet are positively supporting the market growth.

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Who are the key players operating in the industry?

The report covers the major market players including: 

  • Agricultural Bank of China Limited
  • Atom Bank PLC
  • Citigroup Inc.
  • Deutsche Bank AG
  • Fidor Solutions AG (Groupe BPCE)
  • HSBC Holdings Plc
  • Malayan Banking Berhad
  • Monzo Bank Limited
  • Movencorp Inc.
  • N26 GmbH
  • Simple Finance Technology Corporation (BBVA USA)
  • Ubank Limited
  • Webank Co. Ltd.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Account Type:

  • Business Account
  • Savings Account

Breakup by Application:

  • Enterprises
  • Personal
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

You Can Buy Report Directly and Get Up-To 10% Discount: https://www.imarcgroup.com/checkout?id=3488&method=1

Key Highlights of the Report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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