Global Neo-Banking Market and Trends 2021: Banking Services is Shifting to the Virtual Space, Supported by Growing User Adoption Rates –


DUBLIN–(BUSINESS WIRE)–The “Global Neobanks Market and Trends 2021” report has been added to from offer.

The report offers a series of neobank statistics and an assessment of the development of the international neobank market. The publication reveals that the growing adoption of digital tools is likely to further increase the adoption rates of internet-only banks and support the spread of this type of banking across the world.

In the near future, neobanks should see a boom in the number of users

Neobanks, which have sprung up as a result of global digitalization, will further gain popularity among consumers in various parts of the world. This can be concluded from the pre- and post-pandemic development of the industry: by the end of 2020, the number of digital-only banking institutions had at least quadrupled compared to 2018 and the consumer adoption rate increased by six percentage points when taking a global average.

Additionally, as people convert their banking transactions to digital, even though they still have their primary accounts at traditional banks, many are realizing that challenger banks, coupled with fully online services, are attractive due to best conditions, as detailed in the report.

European and North American neobanks topped the latest global neobank rankings

Consumers in the European Union would still be rather conservative when it comes to choosing a bank and opening an account. In a recent survey cited in the publication, only less than 5% of respondents would trust neobanks for their long-term financial well-being, and a slightly larger portion of respondents said they had a great deal of trust in this type of bank. Bank. Nevertheless, the amount of Neobanks is increasing in the region, and the customer base is also increasing, as detailed in the market report.

Additionally, US-based neobanks currently hold 8 out of 20 spots in the ranking of the world’s leading neobanks, reflecting growing consumer adoption. In the Asia-Pacific region, regulatory implementation is still in the development stage, but some markets, such as Australia and Hong Kong, have already taken serious steps towards digital banking.

Meanwhile, in Latin America, the number of neobanks has grown by nearly 30% annually over the past decade, with Brazil’s NU Bank currently the largest in the region by customer base, and the country itself being the regional leader.

Main topics covered:

1. Management Summary

2. Global Market Overview

  • Overview of current developments of Neobanks, incl. Advantages and disadvantages, September 2021

  • Top 3 New Banking Trends in 2021, January 2021

  • Digital banking market size, USD billion, 2020 & 2026f

  • Top 20 independent neobanks, by valuation, in billion USD, 2020

  • Top 20 independent neobanks, by user base, in millions, 2020

  • Top 20 Independent Neobanks, by Funding Value, USD Million, 2020

  • Personal and corporate banking share, % of total digital banking market size, June 2021

  • Neobank penetration rate, by type of consumer, in % of consumers of bank accounts and insurance policies, August 2020

  • Neobank penetration rate, by type of consumer, in % of consumers of bank accounts and insurance policies, August 2020

  • Share of consumers who use a neobank for the majority of banking transactions, by type of consumer, in % of consumers of bank accounts and insurance policies, August 2020

  • Share of young consumers likely to switch to a banking solution from Google or Apple, in %, January 2021

3. Europe

4. North America

5. Asia-Pacific

6. Latin America

7. Middle East and Africa

Companies cited

  • 7aweshly

  • AI Bank

  • Airstar Bank

  • Ant bank

  • Suction

  • aspire

  • Atom Bank

  • following

  • Broxelle

  • Bank C6

  • Carbon

  • Carillon

  • Running

  • David

  • Digio

  • Blink

  • Cash fund

  • Merger Bank

  • Hello Bank

  • Infatuation

  • Ila Bank

  • Inter

  • judo bank

  • Bank K

  • Kakao Bank

  • Klar,Line Bank

  • Bank Livi

  • mach

  • MasterCard

  • SilverLion

  • Monzo

  • Mox

  • My bank

  • N26

  • Neo

  • Neon

  • niyo

  • NU Bank

  • OakNorth

  • PagBank

  • PAOB

  • PayPay

  • PayTM

  • Pepper

  • Rakuten Bank

  • Rebellion

  • Revolution

  • SoFi

  • Sony Bank

  • Starling Bank

  • story

  • Tinkoff

  • Tom

  • By transfer

  • Wow

  • Neon

  • To improve

  • Valyuz

  • Varo

  • Vexi


  • WeBank

  • WeLab Bank

  • XW Bank

  • ZA Bank

For more information on this report, visit

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