Market Share of Singapore Neobanking Industry
The Singapore Neobanking Market is highly fragmented, with new players in the market. Vendors are concentrating on the creation of mobile app-based banking. The larger banks have been slower to adapt to new technology and changing client requirements; nevertheless, start-up digital banks have amassed a substantial user base that actively uses their services. Furthermore, many start-ups are concentrating on creating services that can be readily incorporated into company operations. With tailored insights, cheaper costs, user-friendly interfaces, predictive intelligence, quick accessibility, and streamlined processes, neobanks are challenging the Singapore banking paradigm.
Singapore Neobanking Market Leaders
TransferWise
YouTrip
DBS Digibank
Revolut
Aspire
*Disclaimer: Major Players sorted in no particular order
