Global Neobanking Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Neo Banking Market is Segmented by Account Type (Business Account, Savings Account), by Services (Mobile-Banking, Payments, Money Transfers, Savings, Loans, Others), by Application Type (Personal, Enterprises, Other Applications), and by Geography (North America, Europe, Asia-Pacific, Middle East, and Africa and South America). The Report Offers Market Size and Forecast Values for the Neobanking Market in USD Billion for the Above Segments.

Global Neobanking Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Neobanking Market Size

Global Neobanking Market (2024 - 2029)
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 24.60 %
Market Concentration Medium

Major Players

Neobanking Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Neobanking Market Analysis

The Global Neobanking Market is expected to register a CAGR of 24.6% during the forecast period.

A Neo bank is a sort of direct bank that solely does business online and lacks conventional physical branch networks, sometimes referred to as an online bank, internet-only bank, virtual bank, or digital bank. The financial institutions known as Neo Banks collaborate with licensed banks to do business. They use API banking to automate financial processes and give their customers access to a single dashboard where they can handle everything from accounting to reconciliations, and payments.

The Impact of COVID-19 pandemic had a favorable effect on Neobanking Apps because of the growing reliance on online banking services. Banks and businesses were collaborating to introduce new banking platforms. Financial service providers have supplied customers with digital services thanks to technological improvements and rising internet usage around the world. The pandemic had a significant impact on how firms conduct their regular financial operations. Traditionally, every banking procedure for businesses involved laborious paperwork and physical branch visits, from changing the payout approval process to opening a current account. Neo banks helped traditional banking in the wake of the virus by successfully resolving some of its operational issues, making their adoption more crucial than ever. Additionally, the rate at which neo-banks were adopted during the epidemic shows that users did so with open arms.

The entire banking procedure has been digitalized by Neo banks. Long lines are no longer necessary to process payments or withdraw cash. To open a current account or get their loan accepted, businesses don't need to visit a physical branch or fill out an endless amount of paperwork.

Neobanking Industry Overview

The Global Neobanking Market is fragmented. Few of the major players currently dominate the market and with technological advancement and service innovation, domestic to international companies are increasing their market presence by securing new contracts and tapping new markets. It has major players, including Chime, Monzo Bank Limited, Starling Bank, N26, etc.

Neobanking Market Leaders

  1. Monzo Bank Ltd.

  2. Chime Financial Inc.

  3. Starling Bank

  4. Sofi

  5. N26

  6. *Disclaimer: Major Players sorted in no particular order
Global Neobanking Market - Market Concentration.png
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Neobanking Market News

  • October 2022: India's First Assured Cashback Debit Cards are being introduced by Rajasthan-based Kitzone Neo Bank, which is also providing the Mini ATM and Pos Terminal.
  • September 2022: N26 joins Bizum as the first neo-bank. All users having a Spanish IBAN (1) can now send, receive, and request money through the well-liked mobile payments service, according to a recent announcement from the online bank. The Bizum functionality to pay at affiliated retailers will also be added to the online bank's app in early October. In order to provide the finest banking experience, N26 continues to expand its range of services and features and so becomes the first neobank to integrate Bizum into its payment methods.

Global Neobanking Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Study Assumptions
  • 1.3 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS AND DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
  • 4.3 Market Restraints
  • 4.4 Insights on Technology Advancement
  • 4.5 Insights on Regulatory Policies
  • 4.6 Value Chain / Supply Chain Analysis
  • 4.7 Porters 5 Force Analysis
    • 4.7.1 Threat of New Entrants
    • 4.7.2 Bargaining Power of Buyers/Consumers
    • 4.7.3 Bargaining Power of Suppliers
    • 4.7.4 Threat of Substitute Products
    • 4.7.5 Intensity of Competitive Rivalry
  • 4.8 Impact of Covid 19 on market

5. MARKET SEGMENTATION

  • 5.1 Account Type
    • 5.1.1 Bussiness Account
    • 5.1.2 Savings Account
  • 5.2 Services
    • 5.2.1 Mobile- Banking
    • 5.2.2 Payments
    • 5.2.3 Money- Transfers
    • 5.2.4 Savings Account
    • 5.2.5 Loans
    • 5.2.6 Others
  • 5.3 Application
    • 5.3.1 Personal
    • 5.3.2 Enterprise
    • 5.3.3 Other Application
  • 5.4 Geography
    • 5.4.1 North America
    • 5.4.2 Europe
    • 5.4.3 Asia - Pacific
    • 5.4.4 Middle- East & Africa
    • 5.4.5 South America

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration
  • 6.2 Company Profiles
    • 6.2.1 Monzo Bank Ltd.
    • 6.2.2 Chime Financial Inc.
    • 6.2.3 Starling Banks
    • 6.2.4 MoneyLion
    • 6.2.5 Sofi
    • 6.2.6 N26
    • 6.2.7 Judo Bank
    • 6.2.8 Tinkoff Bank
    • 6.2.9 Nubank
    • 6.2.10 Revolut*
  • *List Not Exhaustive

7. FUTURE SCOPE OF THE MARKET

8. DISCLAIMER

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Neobanking Industry Segmentation

The Global Neo banking market is segmented by account type (Business account, Savings account), by services (Mobile-banking, Payments and money transfers, savings, Loans, Others), by application type (Personal, Enterprises, Other applications), and by Geography (North America, Europe, Asia-Pacific, Middle East, and Africa, and South America). The report offers market size and forecast values for the Neobanking Market in USD billion for the above segments.

Account Type Bussiness Account
Savings Account
Services Mobile- Banking
Payments
Money- Transfers
Savings Account
Loans
Others
Application Personal
Enterprise
Other Application
Geography North America
Europe
Asia - Pacific
Middle- East & Africa
South America
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Global Neobanking Market Research Faqs

What is the current Global Neobanking Market size?

The Global Neobanking Market is projected to register a CAGR of 24.60% during the forecast period (2025-2030)

Who are the key players in Global Neobanking Market?

Monzo Bank Ltd., Chime Financial Inc., Starling Bank, Sofi and N26 are the major companies operating in the Global Neobanking Market.

What years does this Global Neobanking Market cover?

The report covers the Global Neobanking Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Global Neobanking Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Global Neobanking Industry Report

The global neo-banking market is poised for significant growth, driven by rising customer demand for convenience in the banking sector and an increase in digital wallets. Neobanks, which offer banking solutions without physical branches or offices, validate their services in real-time through online channels and mobile sites. The market is further propelled by an increasing number of partnerships between banks and organizations to launch neobank platforms, aimed at enhancing customer experience, safety, and stability. Neobanking is particularly popular among retail customers and Small- and Medium-sized Enterprises (SMEs) due to features like free debit cards, digitized account opening, personal finance advisory, instant payments, e-bill generation, invoice management, account integration, and GST-compliant invoicing. Despite offering a limited range of products compared to traditional banks, the neo-banking model's low-cost structure, easy accessibility, and advanced services are attractive. According to Mordor Intelligence™ Industry Reports, the Global Neobanking market share, size, and revenue growth rate are promising. The analysis includes a market forecast outlook and a historical overview. Get a sample of this industry analysis as a free report PDF download.