Online Banking Industry Report 2023: Business Growth, Trends and Forecast to 2028
IMARC Group has recently released a new research study titled " Online Banking Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 ", the global online banking market size reached US$ 4.0 Billion in 2022 . Looking forward, IMARC Group expects the market to reach US$ 5.2 Billion by 2028 , exhibiting a growth rate (CAGR) of 4.3% during 2023-2028. Also known as internet banking, online banking is an electronic payment system facility that allows customers to use banking services and conduct financial transactions over the internet. It includes online bill payments, account opening, transfers, and deposits. It offers cost-effectiveness, ease of use, instant access, enhanced security, and fast service as compared to traditional banking. It provides customers with a convenient and secure way to access their bank accounts and conduct financial transactions without the need to visit a physical branch. Besides this, it also helps users to view ac...