Neobanking Market

The neobanking market consists of digital-only financial institutions that provide banking services exclusively through online and mobile channels. The main customers are both individuals seeking personal accounts and businesses, including large enterprises and SMEs, that require services like asset and credit management. Key growth drivers include widespread consumer dissatisfaction with traditional banks, the demand for greater convenience and lower fees, and the accelerated adoption of digital services following the COVID-19 pandemic.

CAGR

51.5%

Compound Annual Growth Rate

Current Value

$395.7B

Estimated 2026

Projected Value

$4.78T

By 2032

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