The global market for Neobanking was estimated at US$172.9 Billion in 2024 and is projected to reach US$2.1 Trillion by 2030, growing at a CAGR of 51.7% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Neobanking market.
Segments: Account Type (Business Account, Savings Account); Vertical (Enterprises Vertical, Personal Vertical, Other Verticals)
Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.
Global Neobanking Market - Key Trends & Drivers Summarized
Why Is Neobanking Disrupting Traditional Banking? The Shift to Digital-Only Financial Services
The neobanking market has emerged as one of the fastest-growing sectors in financial services, driven by the digital transformation of banking and the increasing adoption of fintech solutions. Unlike traditional banks, neobanks operate entirely online without physical branches, offering streamlined services, lower fees, and highly personalized customer experiences. The rise of mobile-first consumers and demand for seamless, 24/7 banking solutions have accelerated neobank adoption, particularly among millennials and small businesses seeking cost-effective financial management. Regulatory support for open banking initiatives, particularly in Europe (PSD2) and other global markets, has further facilitated the growth of neobanks by allowing them to integrate with existing financial ecosystems. Additionally, neobanks leverage artificial intelligence (AI) and machine learning (ML) to offer predictive financial analytics, fraud detection, and automated savings tools, enhancing user engagement and financial literacy. As traditional banks struggle with legacy infrastructure and high operational costs, neobanks are capitalizing on agility and innovation to reshape the future of banking.What Are the Key Innovations Driving Neobank Growth?
Neobanks have revolutionized banking by adopting cutting-edge technologies that enhance efficiency, security, and user experience. AI-powered chatbots, robo-advisors, and voice-activated banking assistants have transformed customer service, making financial interactions more intuitive. Blockchain technology is also being integrated into neobanking platforms to improve transparency and security in digital transactions. Another significant innovation is the rise of embedded finance, where neobanks integrate their services into third-party platforms, enabling seamless financial transactions in e-commerce, ride-hailing, and gig economy applications. Additionally, the adoption of biometric authentication and digital identity verification has strengthened security measures, reducing fraud risks. Many neobanks are also developing decentralized finance (DeFi) solutions, allowing users to access cryptocurrency services, peer-to-peer lending, and borderless financial transactions. These technological advancements are not only enhancing service efficiency but also expanding the scope of financial inclusion by reaching underbanked populations worldwide.How Are Neobanks Expanding Beyond Traditional Banking Services?
Neobanks are diversifying their product offerings beyond standard banking services, venturing into wealth management, lending, and insurance. Many are introducing micro-loans, buy-now-pay-later (BNPL) solutions, and credit-building tools to cater to consumers with limited access to traditional credit. The rise of fractional investing and automated portfolio management has enabled neobanks to attract retail investors, offering commission-free trading and robo-advisory services. Additionally, neobanks are increasingly partnering with businesses to provide tailored financial solutions, such as expense management tools and digital payroll services for small and medium enterprises (SMEs). Subscription-based banking models are also gaining traction, where customers pay a flat monthly fee for premium financial services, including cashback rewards, international transactions, and enhanced savings options. By expanding their service ecosystem, neobanks are positioning themselves as comprehensive financial hubs rather than mere alternatives to traditional banks.What Are the Key Growth Drivers for the Neobanking Market?
The growth in the neobanking market is driven by several factors, including increasing smartphone penetration, rising demand for cost-effective banking solutions, and regulatory advancements supporting digital finance. The global shift toward cashless economies has accelerated digital banking adoption, particularly in emerging markets where mobile banking provides financial access to unbanked populations. The rapid expansion of e-commerce and digital payment ecosystems has also fueled demand for integrated banking solutions. Additionally, the COVID-19 pandemic reinforced the need for contactless financial services, further propelling neobank adoption. Venture capital investments in fintech startups have also played a crucial role in funding neobank expansions and technological developments. Furthermore, the rise of Gen Z and millennial consumers, who prioritize convenience and digital-first experiences, continues to shape the evolution of neobanking. As traditional banks continue to digitize, competition between legacy institutions and neobanks is expected to intensify, driving further innovation and market growth in the digital banking space.Report Scope
The report analyzes the Neobanking market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.Segments: Account Type (Business Account, Savings Account); Vertical (Enterprises Vertical, Personal Vertical, Other Verticals)
Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Business Account segment, which is expected to reach US$1.0 Trillion by 2030 with a CAGR of a 45.3%. The Savings Account segment is also set to grow at 60.3% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $45.4 Billion in 2024, and China, forecasted to grow at an impressive 49.2% CAGR to reach $309.0 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Neobanking Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Neobanking Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Neobanking Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of players such as Ally Bank, Aspiration, Bunq, Chime, Current and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 43 Featured):
- Ally Bank
- Aspiration
- Bunq
- Chime
- Current
- Dave
- Judo Bank
- K Bank
- KakaoBank
- Monzo
- N26
- Nubank
- Oxygen
- Revolut
- Starling Bank
- Tide
- Tinkoff Bank
- Up Bank
- Varo Bank
- WeBank
Tariff Impact Analysis: Key Insights for 2025
Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments as of April 2025 and incorporates forward-looking insights into the market outlook.The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.
What’s Included in This Edition:
- Tariff-adjusted market forecasts by region and segment
- Analysis of cost and supply chain implications by sourcing and trade exposure
- Strategic insights into geographic shifts
Buyers receive a free July 2025 update with:
- Finalized tariff impacts and new trade agreement effects
- Updated projections reflecting global sourcing and cost shifts
- Expanded country-specific coverage across the industry
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Ally Bank
- Aspiration
- Bunq
- Chime
- Current
- Dave
- Judo Bank
- K Bank
- KakaoBank
- Monzo
- N26
- Nubank
- Oxygen
- Revolut
- Starling Bank
- Tide
- Tinkoff Bank
- Up Bank
- Varo Bank
- WeBank
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 141 |
| Published | April 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 172.9 Billion |
| Forecasted Market Value ( USD | $ 2100 Billion |
| Compound Annual Growth Rate | 51.7% |
| Regions Covered | Global |
