North America Mobile Banking Market Size, Share & Trends Analysis Report By Platform (Android, iOS, and Others), By Transaction (Consumer-to-business, and Consumer-to-consumer), By Country and Growth Forecast, 2024 - 2031

The North America Mobile Banking Market would witness market growth of 15.6% CAGR during the forecast period (2024-2031).

The US market dominated the North America Mobile Banking Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,144.3 Million by 2031. The Canada market is experiencing a CAGR of 18.2% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 17.2% during (2024 - 2031).

This banking offers a wide range of applications that empower users to conveniently manage their finances and access banking services on the go. For instance, banking apps allow users to view real-time account balances, past transactions, and statements. Users can also monitor their finances, track expenses, and identify any unauthorized transactions directly from their mobile devices.

Users can initiate fund transfers between their accounts and those within the same bank or external accounts held at different financial institutions. This banking facilitates quick and secure transfers, including peer-to-peer (P2P) payments, bill payments, and international remittances. Furthermore, banking apps enable users to pay bills, utilities, and other expenses directly from their smartphones.

The International Trade Administration (ITA) estimates that by the end of 2022, there will be 96.8 million Internet users in Mexico, a rise of 9.3 percent annually. Additionally, in 2022, e-commerce in Mexico increased by 23%. Mexico has been among the top five nations in the world for the last four years in terms of e-commerce growth. Similarly, according to Statistics Canada, more than three in four Canadians (78%) used the internet to conduct general online banking, and one in six (16%) used it to manage investments online, such as stocks, mutual funds, and cryptocurrencies. About two-thirds (68%) of Canadians stated that they have noticed the role of artificial intelligence (AI) in various applications online. Thus, the increasing internet penetration and rising internet use for banking activities in the region are driving the market’s growth.

Free Valuable Insights: The Mobile Banking Market is Predict to reach USD 5.7 Billion by 2031, at a CAGR of 16.5%

Based on Platform, the market is segmented into Android, iOS, and Others. Based on Transaction, the market is segmented into Consumer-to-business, and Consumer-to-consumer. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

• Mitsubishi UFJ Financial Group, Inc. (Mitsubishi group)
• JPMorgan Chase & Co.
• Wells Fargo & Company
• BNP Paribas S.A.
• American Express Company
• HSBC Holdings plc
• UBS AG (UBS Group AG)
• CAPITAL ONE FINANCIAL CORPORATION
• The Bank of America Corporation
• Citigroup Inc.

North America Mobile Banking Market Report Segmentation

By Platform

• Android
• iOS
• Others

By Transaction

• Consumer-to-business
• Consumer-to-consumer

By Country

• US
• Canada
• Mexico
• Rest of North America

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Mobile Banking Market, by Platform
1.4.2 North America Mobile Banking Market, by Transaction
1.4.3 North America Mobile Banking Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges

Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.3.2 Key Strategic Move: (Mergers & Acquisition: 2021, Jun – 2024, Feb) Leading Players
4.4 Porter Five Forces Analysis

Chapter 5. North America Mobile Banking Market by Platform
5.1 North America Android Market by Country
5.2 North America iOS Market by Country
5.3 North America Others Market by Country

Chapter 6. North America Mobile Banking Market by Transaction
6.1 North America Consumer-to-business Market by Country
6.2 North America Consumer-to-consumer Market by Country

Chapter 7. North America Mobile Banking Market by Country
7.1 US Mobile Banking Market
7.1.1 US Mobile Banking Market by Platform
7.1.2 US Mobile Banking Market by Transaction
7.2 Canada Mobile Banking Market
7.2.1 Canada Mobile Banking Market by Platform
7.2.2 Canada Mobile Banking Market by Transaction
7.3 Mexico Mobile Banking Market
7.3.1 Mexico Mobile Banking Market by Platform
7.3.2 Mexico Mobile Banking Market by Transaction
7.4 Rest of North America Mobile Banking Market
7.4.1 Rest of North America Mobile Banking Market by Platform
7.4.2 Rest of North America Mobile Banking Market by Transaction

Chapter 8. Company Profiles
8.1 Mitsubishi UFJ Financial Group, Inc. (Mitsubishi group)
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Recent strategies and developments:
8.1.3.1 Partnerships, Collaborations, and Agreements:
8.2 BNP Paribas S.A.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Regional Analysis
8.2.4 Recent strategies and developments:
8.2.4.1 Partnerships, Collaborations, and Agreements:
8.2.4.2 Acquisition and Mergers:
8.3 UBS AG (UBS Group AG)
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Recent strategies and developments:
8.3.4.1 Partnerships, Collaborations, and Agreements:
8.4 Capital One Financial Corporation
8.4.1 Company Overview
8.4.2 Financial Analysis
8.5 Citigroup Inc.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.6 JPMorgan Chase & Co.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Recent strategies and developments:
8.6.4.1 Partnerships, Collaborations, and Agreements:
8.6.4.2 Acquisition and Mergers:
8.6.5 SWOT Analysis
8.7 HSBC Holdings plc
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Recent strategies and developments:
8.7.3.1 Product Launches and Product Expansions:
8.7.3.2 Acquisition and Mergers:
8.8 The Bank of America Corporation
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.9 Wells Fargo & Company
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Recent strategies and developments:
8.9.3.1 Partnerships, Collaborations, and Agreements:
8.9.3.2 Product Launches and Product Expansions:
8.9.4 SWOT Analysis
8.10. American Express Company
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Regional Analysis

TABLE 1 North America Mobile Banking Market, 2020 - 2023, USD Million
TABLE 2 North America Mobile Banking Market, 2024 - 2031, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Mobile Banking Market
TABLE 4 Product Launches And Product Expansions– Mobile Banking Market
TABLE 5 Acquisition and Mergers– Mobile Banking Market
TABLE 6 North America Mobile Banking Market by Platform, 2020 - 2023, USD Million
TABLE 7 North America Mobile Banking Market by Platform, 2024 - 2031, USD Million
TABLE 8 North America Android Market by Country, 2020 - 2023, USD Million
TABLE 9 North America Android Market by Country, 2024 - 2031, USD Million
TABLE 10 North America iOS Market by Country, 2020 - 2023, USD Million
TABLE 11 North America iOS Market by Country, 2024 - 2031, USD Million
TABLE 12 North America Others Market by Country, 2020 - 2023, USD Million
TABLE 13 North America Others Market by Country, 2024 - 2031, USD Million
TABLE 14 North America Mobile Banking Market by Transaction, 2020 - 2023, USD Million
TABLE 15 North America Mobile Banking Market by Transaction, 2024 - 2031, USD Million
TABLE 16 North America Consumer-to-business Market by Country, 2020 - 2023, USD Million
TABLE 17 North America Consumer-to-business Market by Country, 2024 - 2031, USD Million
TABLE 18 North America Consumer-to-consumer Market by Country, 2020 - 2023, USD Million
TABLE 19 North America Consumer-to-consumer Market by Country, 2024 - 2031, USD Million
TABLE 20 North America Mobile Banking Market by Country, 2020 - 2023, USD Million
TABLE 21 North America Mobile Banking Market by Country, 2024 - 2031, USD Million
TABLE 22 US Mobile Banking Market, 2020 - 2023, USD Million
TABLE 23 US Mobile Banking Market, 2024 - 2031, USD Million
TABLE 24 US Mobile Banking Market by Platform, 2020 - 2023, USD Million
TABLE 25 US Mobile Banking Market by Platform, 2024 - 2031, USD Million
TABLE 26 US Mobile Banking Market by Transaction, 2020 - 2023, USD Million
TABLE 27 US Mobile Banking Market by Transaction, 2024 - 2031, USD Million
TABLE 28 Canada Mobile Banking Market, 2020 - 2023, USD Million
TABLE 29 Canada Mobile Banking Market, 2024 - 2031, USD Million
TABLE 30 Canada Mobile Banking Market by Platform, 2020 - 2023, USD Million
TABLE 31 Canada Mobile Banking Market by Platform, 2024 - 2031, USD Million
TABLE 32 Canada Mobile Banking Market by Transaction, 2020 - 2023, USD Million
TABLE 33 Canada Mobile Banking Market by Transaction, 2024 - 2031, USD Million
TABLE 34 Mexico Mobile Banking Market, 2020 - 2023, USD Million
TABLE 35 Mexico Mobile Banking Market, 2024 - 2031, USD Million
TABLE 36 Mexico Mobile Banking Market by Platform, 2020 - 2023, USD Million
TABLE 37 Mexico Mobile Banking Market by Platform, 2024 - 2031, USD Million
TABLE 38 Mexico Mobile Banking Market by Transaction, 2020 - 2023, USD Million
TABLE 39 Mexico Mobile Banking Market by Transaction, 2024 - 2031, USD Million
TABLE 40 Rest of North America Mobile Banking Market, 2020 - 2023, USD Million
TABLE 41 Rest of North America Mobile Banking Market, 2024 - 2031, USD Million
TABLE 42 Rest of North America Mobile Banking Market by Platform, 2020 - 2023, USD Million
TABLE 43 Rest of North America Mobile Banking Market by Platform, 2024 - 2031, USD Million
TABLE 44 Rest of North America Mobile Banking Market by Transaction, 2020 - 2023, USD Million
TABLE 45 Rest of North America Mobile Banking Market by Transaction, 2024 - 2031, USD Million
TABLE 46 Key Information – Mitsubishi UFJ Financial Group, Inc.
TABLE 47 Key Information – BNP Paribas S.A.
TABLE 48 Key Information – UBS AG
TABLE 49 Key Information – Capital One Financial Corporation
TABLE 50 Key Information – Citigroup Inc.
TABLE 51 key information – JPMorgan Chase & Co.
TABLE 52 Key Information – HSBC Holdings plc
TABLE 53 Key Information – The Bank of America Corporation
TABLE 54 Key Information – Wells Fargo & Company
TABLE 55 Key Information – American Express Company

List of Figures
FIG 1 Methodology for the research
FIG 2 North America Mobile Banking Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Mobile Banking Market
FIG 4 KBV Cardinal Matrix
FIG 5 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 6 Key Strategic Move: (Mergers & Acquisition: 2021, Jun – 2024, Feb) Leading Players
FIG 7 Porter’s Five Forces Analysis – Mobile Banking Market
FIG 8 North America Mobile Banking Market share by Platform, 2023
FIG 9 North America Mobile Banking Market share by Platform, 2031
FIG 10 North America Mobile Banking Market by Platform, 2020 - 2031, USD Million
FIG 11 North America Mobile Banking Market share by Transaction, 2023
FIG 12 North America Mobile Banking Market share by Transaction, 2031
FIG 13 North America Mobile Banking Market by Transaction, 2020 - 2031, USD Million
FIG 14 North America Mobile Banking Market share by Country, 2023
FIG 15 North America Mobile Banking Market share by Country, 2031
FIG 16 North America Mobile Banking Market by Country, 2020 - 2031, USD Million
FIG 17 Recent strategies and developments: JPMorgan Chase & Co.
FIG 18 SWOT Analysis: JPMorgan Chase & Co.
FIG 19 Recent strategies and developments: HSBC Holdings plc
FIG 20 Recent strategies and developments: Wells Fargo & Company
FIG 21 SWOT Analysis: Wells Fargo & Company