Neobanking Market Size To Reach $9,384.73Bn By 2033

Neobanking Market Growth & Trends

The global neobanking market size is expected to reach USD 9,384.73 billion by 2033, registering a CAGR of 61.9% from 2026 to 2033, according to a new report by Grand View Research, Inc. Factors, such as a faster process of loan approval and funding, compared to traditional banks, with low-interest rates via banking applications are driving the growth of the market. Increasing technological advancements, such as Artificial Intelligence (AI) and IoT, in online banking platforms, are also expected to boost the market growth over the forecast period. The rising popularity of mobile-based applications for making international fund transfers and online payments is also propelling the market growth. Governments in various countries are making efforts to promote internet services across rural areas.

Furthermore, leading players are offering customized services via mobile applications to help customers and enterprises manage their finances, savings, and spendings efficiently. Such factors bode well for the growth of the market. Factors, such as the accelerated expansion of the customer base, innovative revenue generation & modernization models, and increasing product launches globally, are expected to significantly contribute to the market growth over the forecast period. Numerous financial service providers are launching services through mobile apps to make payments faster. For instance, in November 2020, Revolut announced the launch of Google Pay for its customers in Greece, Bulgaria, Estonia, Austria, Hungary, Lithuania, Latvia, Portugal, the Netherlands, and Romania to make online and in-store payments fast and simple.

The outbreak of the COVID-19 pandemic positively impacted the global market on account of the rising dependency on online banking platforms for making payments. Numerous citizens and enterprises around the world preferred simple, safe, and helpful ways to adopt contactless payment technologies. The market players are also responding to the changing requirements of the enterprises and are diversifying their solutions and services to manage the taxing, budgeting, and accounting for small and medium-sized enterprises at lower costs.

 Request a free sample copy or view report summary: Neobanking Market Report

Neobanking Market Report Highlights

• By account type, the business account segment led the market with the largest revenue share of 64.71% in 2025. The savings account segment is expected to grow at the fastest CAGR over the forecast period.

• By application, the enterprises segment led the market with the largest revenue share of 51.7% in 2025. The personal segment is projected to grow at the fastest CAGR during the forecast period.

• Europe dominated the global neobanking market with the largest revenue share of 28.54% in 2025. The neobanking market in France is expected to grow at the fastest CAGR during the forecast period.

• The neobanking market in the Asia Pacific is expected to grow at the fastest CAGR during the forecast period. The China neobanking market held a substantial share in the Asia Pacific in 2025.

Neobanking Market Segmentation

Grand View Research has segmented global neobanking market report based on account type, application, and region:

Neobanking Account Type Outlook (Revenue, USD Million, 2021 - 2033)

• Business Account

• Savings Account

Neobanking Application Outlook (Revenue, USD Million, 2021 - 2033)

• Enterprises

• Personal

• Others

Neobanking Regional Outlook (Revenue, USD Million, 2021 - 2033)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

• Latin America

  • Brazil

• Middle East and Africa (MEA)

  • KSA

  • UAE

  • South Africa

List of Key Players of Neobanking Market

• Atom Bank PL

• Fidor Bank A

• Monzo Bank Ltd.

• Movencorp Inc.

• Mybank

• N26

• Revolut Ltd.

• Simple Finance Technology Corp.

• Ubank Limited

• Webank, Inc.