Digital Banks: market data & analysis

Market Insights report

Digital Banks: market data & analysis

Digital Banks refer to the emerging market for purely digital banks that offer financial services via online and mobile platforms. Unlike traditional banks, digital banks also known as neobanks, do not have store-based branches and instead rely on technology to deliver their services. But in contrast to digital-only direct banks, which focus on providing traditional banking services in an online format, the digital banks/neobanks covered in this analysis prioritize cutting-edge features and a modern user experience. Digital Banks offer a wide range of financial products and services, including savings and checking accounts, credit cards, personal loans, and investment products.

This report provides an overview of the Digital Banks market and includes a range of statistics: the overall market development, a forecast until 2029, worldwide comparisons, and more. The market data comprises Net Interest Income, the value of Deposits, the value of Loans, Credit Card Interest Income, and the number of ATMs. In total, the worldwide net interest income of Digital Banks generated US$1.5 trillion in 2024 is expected to continue to grow at a high rate to reach US$2.1 trillion by 2029.

What's included?

  • All relevant Digital Banks data, including market size & forecasts until 2028
  • Overview and worldwide comparison
  • Trends and market developments

Table of contents

The Digital Banks market is growing rapidly. It accounted for 21.76% of the Banking interest income in 2024. There are various factors driving the market, e.g., the fast development and innovation of financial services, the lower fees, the increasing adoption of digital technologies, and the changing preferences of customers.

However, digital banks face challenges in building trust and establishing their reputation in the financial services industry. They must also navigate the complex regulatory landscape and comply with the same rules and standards as traditional banks. In the highly competitive banking market, digitals bank must continue innovating, adapting to changing customer needs, and navigating regulatory challenges to ensure long–term viability.​​

Overall, the Digital Banks market represents a growing and exciting opportunity for financial services providers to deliver innovative and convenient solutions to consumers. The net interest income of the market is expected to grow at a rate of 8%, by 2029. ​

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