Europe Neobanking Market was valued at USD 20 Billion in 2022 and is projected to reach USD 360 Billion by 2030, growing at a CAGR of 45% from 2024 to 2030.
The Europe Neobanking Market has seen a significant surge in recent years, with digital banking platforms rapidly reshaping the financial services industry. Neobanks, or digital-only banks, offer users a range of banking services without the need for traditional physical branches. With the rise of smartphones and technology, these digital-first platforms have gained significant traction in Europe, becoming a crucial part of the region’s evolving financial ecosystem.
The growth of the Neobanking Market in Europe can be attributed to several key factors, including advancements in technology, a shift toward more flexible financial services, and a growing demand for user-centric digital banking solutions. Neobanks are often characterized by their streamlined operations, lower fees, and a more user-friendly experience compared to traditional banks. Additionally, they typically offer faster services, such as instant payments and mobile-based transactions, that cater to the needs of modern consumers who value convenience.
Industries across Europe are increasingly adopting Neobanking services to streamline their financial operations. For instance, small and medium-sized enterprises (SMEs) benefit from digital banks' lower operational costs and flexible banking features, which enable them to manage their cash flows efficiently. Furthermore, many industries are turning to Neobanks to reduce the complexity of international transactions and currency exchanges, as these platforms often offer competitive exchange rates and low transaction fees.
The demand for Neobanks in Europe is also being fueled by the younger generation, who are tech-savvy and prefer managing their finances via mobile apps. Additionally, the rise of fintech and the open banking regulations in Europe have provided an environment conducive to the growth of Neobanks. Open banking allows third-party developers to access bank data, creating innovative financial products and services that can be integrated into neobanking platforms.
The Europe Neobanking Market is expected to continue its growth trajectory as more businesses and consumers embrace digital banking solutions. With an increasing demand for innovative and secure financial services, the market is well-positioned for further expansion, driven by technological advancements and evolving consumer preferences.
Get an In-Depth Research Analysis of the Europe Neobanking Market Size And Forecast [2025-2032]
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Atom Bank
Sopra Steria (Fidor Bank)
Monzo Bank
Movencorp
MyBank
N26 GmbH
Revolut
Simple Finance Technology Corporation
Ubank Limited
WeBank
CITIC aiBank
China Merchants Bank
China PSBC
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe Neobanking Market
Individual Consumers
Small and Medium Enterprises (SMEs)
Startups
High Net Worth Individuals (HNWIs)
Basic Banking Services
Investment Services
Credit and Lending Services
Expense Management Tools
International Money Transfers
Direct-to-Consumer Neobanks
B2B Neobanking Platforms
Hybrid Models (combination of B2B and B2C)
Traditional Bank Affiliates
Fully Automated Neobanks
AI-Driven Neobanks
Neobanks with Minimal Automation
Mobile-First Neobanks
Millennials
Gen Z
Digital Nomads
Tech-Savvy Elderly
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
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1. Introduction of the Europe Neobanking Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe Neobanking Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Neobanking Market, By Type
6. Europe Neobanking Market, By Application
7. Europe Neobanking Market, By Geography
Europe
Germany
UK
France
8. Europe Neobanking Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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