The Latin America, Middle East and Africa Neobanking Market would witness market growth of 47.6% CAGR during the forecast period (2020-2026). The neobanks display considerable growth potential which is boosted by their low-cost model for end consumers with no or very monthly costs on banking services like minimum balance maintenance, deposits, and withdrawals. Acceptance by micro, small and medium enterprises (MSMEs), millennials, and those having periodic incomes and earnings, adoption of innovative technologies, and increasing consumerism are some of the factors boosting the success for neobanks. The massive adoption rates and effective business models of neobanks have roused the interest of investors, venture capitalists, and corporates.
The banking business is evolving quickly. Products and services developed on the basis of disruptive technologies are increasingly being placed in the hands of end customers, and the behaviors of banks are changing regarding customer convenience, transparency, pricing, and customer service. With the change in customers’ behaviors and expectations, business and operational models also change.
Each aspect of the banking value chain - from what consumers can make use of and expect with respect to banking services - can now be used by a non-banking service provide through its technological expertise and active and lean business models. With the help of these models, retail and small and medium enterprises (SME) banking services are mainly provided via the internet or other forms of electronic channels rather than physical branches. These non-banking services providers are known as neobanks and they are challenging the current status of conventional banks, by providing lower-cost models and hyper-distinctive customer-centric service and experiences. Unlike their conventional counterparts, neobanks are not limited by legacy systems, closely incorporated value chains, complicated administrative structures, and tall regulatory needs. However, neobanks do not have their own bank licenses in India yet; they use partners to provide bank-licensed services.
Based on Account Type, the market is segmented into Business Account and Savings Account. Based on Application, the market is segmented into Enterprises, Personal and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: Neobanking Market in LAMEA is expected to register a CAGR of 47.6% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Atom Bank PLC, Monzo Bank Ltd., Moven Enterprises, N26 GmbH, Revolut Ltd., Ubank Limited, WeBank Co., Ltd., Banco Bilbao Vizcaya Argentaria SA (Simple Finance Technology), Deutsche Bank AG, and Sopra Steria Group SA (Fidor Solutions AG).
Scope of the Study
Market Segments Covered in the Report:
By Account Type
- Business Account
- Savings Account
By Application
- Enterprises
- Personal
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Companies Profiled
- Atom Bank PLC
- Monzo Bank Ltd.
- Moven Enterprises
- N26 GmbH
- Revolut Ltd.
- Ubank Limited
- WeBank Co., Ltd.
- Banco Bilbao Vizcaya Argentaria SA (Simple Finance Technology)
- Deutsche Bank AG
- Sopra Steria Group SA (Fidor Solutions AG)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Neobanking Market, by Account Type
1.4.2 LAMEA Neobanking Market, by Application
1.4.3 LAMEA Neobanking Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Geographical Expansions
3.2.4 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2016-2020)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2016, May – 2020, Nov) Leading Players
Chapter 4. LAMEA Neobanking Market by Account Type
4.1 LAMEA Neobanking Market Business Account Market by Country
4.2 LAMEA Neobanking Market Savings Account Market by Country
Chapter 5. LAMEA Neobanking Market by Application
5.1 LAMEA Enterprises Market by Country
5.2 LAMEA Personal Market by Country
5.3 LAMEA Others Market by Country
Chapter 6. LAMEA Neobanking Market by Country
6.1 Brazil Neobanking Market
6.1.1 Brazil Neobanking Market by Account Type
6.1.2 Brazil Neobanking Market by Application
6.2 Argentina Neobanking Market
6.2.1 Argentina Neobanking Market by Account Type
6.2.2 Argentina Neobanking Market by Application
6.3 UAE Neobanking Market
6.3.1 UAE Neobanking Market by Account Type
6.3.2 UAE Neobanking Market by Application
6.4 Saudi Arabia Neobanking Market
6.4.1 Saudi Arabia Neobanking Market by Account Type
6.4.2 Saudi Arabia Neobanking Market by Application
6.5 South Africa Neobanking Market
6.5.1 South Africa Neobanking Market by Account Type
6.5.2 South Africa Neobanking Market by Application
6.6 Nigeria Neobanking Market
6.6.1 Nigeria Neobanking Market by Account Type
6.6.2 Nigeria Neobanking Market by Application
6.7 Rest of LAMEA Neobanking Market
6.7.1 Rest of LAMEA Neobanking Market by Account Type
6.7.2 Rest of LAMEA Neobanking Market by Application
Chapter 7. Company Profiles
7.1 Atom Bank PLC
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Recent strategies and developments:
7.1.3.1 Partnerships, Collaborations, and Agreements:
7.1.3.2 Acquisition and Mergers:
7.1.3.3 Product Launches and Product Expansions:
7.2 Monzo Bank Ltd.
7.2.1 Company Overview
7.3 Moven Enterprise
7.3.1 Company Overview
7.4 N26 GmbH
7.4.1 Company Overview
7.4.2 Recent strategies and developments:
7.4.2.1 Partnerships, Collaborations, and Agreements:
7.4.2.2 Product Launches and Product Expansions:
7.4.2.3 Geographical Expansions:
7.5 Revolut Ltd.
7.5.1 Company Overview
7.5.2 Recent strategies and developments:
7.5.2.1 Partnerships, Collaborations, and Agreements:
7.5.2.2 Product Launches and Product Expansions:
7.5.2.3 Geographical Expansions:
7.6 Ubank Limited
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Research & Development Expense
7.7 WeBank Co., Ltd.
7.7.1 Company Overview
7.8 Banco Bilbao Vizcaya Argentaria SA (Simple Finance Technology)
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Regional Analysis
7.9 Deutsche Bank AG
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Recent strategies and developments:
7.9.4.1 Partnerships, Collaborations, and Agreements:
7.9.4.2 Geographical Expansions:
7.10. Sopra Steria Group SA (Fidor Solutions AG)
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
7.10.4 Research & Development Expense
7.10.5 Recent strategies and developments:
7.10.5.1 Partnerships, Collaborations, and Agreements:
TABLE 1 LAMEA Neobanking Market, 2016 - 2019, USD Million
TABLE 2 LAMEA Neobanking Market, 2020 - 2026, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Neobanking Market
TABLE 4 Product Launches And Product Expansions– Neobanking Market
TABLE 5 Geographical Expansions– Neobanking Market
TABLE 6 Acquisition and Mergers– Neobanking Market
TABLE 7 LAMEA Neobanking Market by Account Type, 2016 - 2019, USD Million
TABLE 8 LAMEA Neobanking Market by Account Type, 2020 - 2026, USD Million
TABLE 9 LAMEA Neobanking Market Business Account Market by Country, 2016 - 2019, USD Million
TABLE 10 LAMEA Neobanking Market Business Account Market by Country, 2020 - 2026, USD Million
TABLE 11 LAMEA Neobanking Market Savings Account Market by Country, 2016 - 2019, USD Million
TABLE 12 LAMEA Neobanking Market Savings Account Market by Country, 2020 - 2026, USD Million
TABLE 13 LAMEA Neobanking Market by Application, 2016 - 2019, USD Million
TABLE 14 LAMEA Neobanking Market by Application, 2020 - 2026, USD Million
TABLE 15 LAMEA Enterprises Market by Country, 2016 - 2019, USD Million
TABLE 16 LAMEA Enterprises Market by Country, 2020 - 2026, USD Million
TABLE 17 LAMEA Personal Market by Country, 2016 - 2019, USD Million
TABLE 18 LAMEA Personal Market by Country, 2020 - 2026, USD Million
TABLE 19 LAMEA Others Market by Country, 2016 - 2019, USD Million
TABLE 20 LAMEA Others Market by Country, 2020 - 2026, USD Million
TABLE 21 LAMEA Neobanking Market by Country, 2016 - 2019, USD Million
TABLE 22 LAMEA Neobanking Market by Country, 2020 - 2026, USD Million
TABLE 23 Brazil Neobanking Market, 2016 - 2019, USD Million
TABLE 24 Brazil Neobanking Market, 2020 - 2026, USD Million
TABLE 25 Brazil Neobanking Market by Account Type, 2016 - 2019, USD Million
TABLE 26 Brazil Neobanking Market by Account Type, 2020 - 2026, USD Million
TABLE 27 Brazil Neobanking Market by Application, 2016 - 2019, USD Million
TABLE 28 Brazil Neobanking Market by Application, 2020 - 2026, USD Million
TABLE 29 Argentina Neobanking Market, 2016 - 2019, USD Million
TABLE 30 Argentina Neobanking Market, 2020 - 2026, USD Million
TABLE 31 Argentina Neobanking Market by Account Type, 2016 - 2019, USD Million
TABLE 32 Argentina Neobanking Market by Account Type, 2020 - 2026, USD Million
TABLE 33 Argentina Neobanking Market by Application, 2016 - 2019, USD Million
TABLE 34 Argentina Neobanking Market by Application, 2020 - 2026, USD Million
TABLE 35 UAE Neobanking Market, 2016 - 2019, USD Million
TABLE 36 UAE Neobanking Market, 2020 - 2026, USD Million
TABLE 37 UAE Neobanking Market by Account Type, 2016 - 2019, USD Million
TABLE 38 UAE Neobanking Market by Account Type, 2020 - 2026, USD Million
TABLE 39 UAE Neobanking Market by Application, 2016 - 2019, USD Million
TABLE 40 UAE Neobanking Market by Application, 2020 - 2026, USD Million
TABLE 41 Saudi Arabia Neobanking Market, 2016 - 2019, USD Million
TABLE 42 Saudi Arabia Neobanking Market, 2020 - 2026, USD Million
TABLE 43 Saudi Arabia Neobanking Market by Account Type, 2016 - 2019, USD Million
TABLE 44 Saudi Arabia Neobanking Market by Account Type, 2020 - 2026, USD Million
TABLE 45 Saudi Arabia Neobanking Market by Application, 2016 - 2019, USD Million
TABLE 46 Saudi Arabia Neobanking Market by Application, 2020 - 2026, USD Million
TABLE 47 South Africa Neobanking Market, 2016 - 2019, USD Million
TABLE 48 South Africa Neobanking Market, 2020 - 2026, USD Million
TABLE 49 South Africa Neobanking Market by Account Type, 2016 - 2019, USD Million
TABLE 50 South Africa Neobanking Market by Account Type, 2020 - 2026, USD Million
TABLE 51 South Africa Neobanking Market by Application, 2016 - 2019, USD Million
TABLE 52 South Africa Neobanking Market by Application, 2020 - 2026, USD Million
TABLE 53 Nigeria Neobanking Market, 2016 - 2019, USD Million
TABLE 54 Nigeria Neobanking Market, 2020 - 2026, USD Million
TABLE 55 Nigeria Neobanking Market by Account Type, 2016 - 2019, USD Million
TABLE 56 Nigeria Neobanking Market by Account Type, 2020 - 2026, USD Million
TABLE 57 Nigeria Neobanking Market by Application, 2016 - 2019, USD Million
TABLE 58 Nigeria Neobanking Market by Application, 2020 - 2026, USD Million
TABLE 59 Rest of LAMEA Neobanking Market, 2016 - 2019, USD Million
TABLE 60 Rest of LAMEA Neobanking Market, 2020 - 2026, USD Million
TABLE 61 Rest of LAMEA Neobanking Market by Account Type, 2016 - 2019, USD Million
TABLE 62 Rest of LAMEA Neobanking Market by Account Type, 2020 - 2026, USD Million
TABLE 63 Rest of LAMEA Neobanking Market by Application, 2016 - 2019, USD Million
TABLE 64 Rest of LAMEA Neobanking Market by Application, 2020 - 2026, USD Million
TABLE 65 Key Information –Atom Bank PLC
TABLE 66 Key Information – Monzo Bank Ltd.
TABLE 67 Key Information – Moven Enterprises
TABLE 68 Key Information – N26 GmbH
TABLE 69 Key Information – Revolut Ltd.
TABLE 70 key information – Ubank Limited
TABLE 71 key Information – WeBank Co., Ltd.
TABLE 72 Key Information – Banco Bilbao Vizcaya Argentaria SA
TABLE 73 key information – Deutsche Bank AG
TABLE 74 Key Information – Sopra Steria Group SA
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2016-2020)
FIG 4 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2016, May – 2020, Nov) Leading Players
FIG 5 Recent strategies and developments: Atom Bank PLC
FIG 6 Recent strategies and developments: N26 GmbH
FIG 7 Recent strategies and developments: Revolut Ltd.
FIG 8 Recent strategies and developments: Deutsche Bank AG