Global neobanking market and 2021 trends: banking services move to virtual space, supported by rising user adoption rates

DUBLIN, December 23, 2021– (BUSINESS WIRE) – The report “Global Neobanking Market and Trends 2021” has been added to offer.

The report offers a range 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 around the world.

In the near future, neobanks are expected to experience a boom in the number of users

Neobanks, born of global digitization, will further gain popularity with consumers in various parts of the world. This can be inferred 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 had increased by six percentage points when taking a world average.

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

European and North American neobanks topped the latest global neobank ranking

Consumers in the European Union are still said to be rather cautious when it comes to choosing a bank and opening an account. In a recent survey cited in the publication, only less than 5% of those surveyed would trust neobanks for their long-term financial well-being, and a slightly larger portion of those surveyed said they had a great deal of confidence in this type of banking. Bank. Nonetheless, 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 occupy 8 out of 20 spots in the rankings 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 banking digitization.

Meanwhile, in Latin America, the number of neobanks has grown by almost 30% per year over the past decade, with Brazil’s NU bank currently the largest in the region by client base, and the country itself. being the regional leader.

Main topics covered:

1. Management summary

2. Global market overview

  • Overview of current Neobanks developments, incl. Pros and Cons, September 2021

  • Top 3 neobanking trends in 2021, January 2021

  • Digital Banking Market Size, USD Billion, 2020 and 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

  • Share of retail and corporate banking,% of total digital banking market size, June 2021

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

  • New banking 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 mentioned

  • Pleasantly

  • AI Bank

  • Airstar Bank

  • Ant bank

  • Suction

  • Aspire

  • Bank of atoms

  • Following

  • Broxel

  • Bank C6

  • Carbon

  • Carillon

  • Running

  • Dave

  • Digio

  • Flink

  • Fundall

  • Fusion Bank

  • Hello bank

  • Hype

  • Ila Bank

  • Inter

  • Judo bank

  • Bank K

  • Kakao Bank

  • Klar, bank line

  • Livi Bank

  • Mach

  • MasterCard

  • Silver Lion

  • Monzo

  • Mox

  • My bank

  • N26

  • Neo

  • Neon

  • Niyo

  • NU Bank

  • North Oak

  • PagBank

  • PAOB

  • Pay

  • PayTm

  • Pepper

  • Rakuten Bank

  • Rebellion

  • Revolution

  • SoFi

  • Sony Bank

  • Starling bank

  • Stories

  • Tinkoff

  • Tomo

  • By transfer

  • Ouala

  • Neon

  • To improve

  • Valyouz

  • Varo

  • Vexi


  • WeBank

  • WeLab Bank

  • XW Bank

  • ZA Bank

For more information on this report, visit

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