Indian Neo Banking Industry Outlook to 2027: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit The publication titled “Indian Neo Banking Industry Outlook to 2027: Driven by adoption of contactless payments, shifting consumer preferences towards Fin-Tech, rising market players and digitalization” provides a comprehensive analysis of the Neo Banking industry in India. The report covers various aspects including Neo Banking industry market size on the basis of revenue, market overview, genesis of the market, India Neo Banking industry Cycle, overview of Neo Banking services/ Products, ecosystem of entities in the Indian Neo Banking industry, consumption expenditure and borrowing trends, value chain analysis of Neo Bankings, growth drivers, role of Government and challenges, major trends and developments, SWOT Analysis, Porter analysis, Investment analysis and segmentation in the industry, timeline of Neo Banking industry growth, Risk Involved and COVID impact to the industry. Total addressable market, serviceable addressable market and serviceable obtainable market has been covered in the report. Insights on competitive landscape of Neo Banking industry, company profile of major Neo Banking players operating in the ecosystem on the basis of Company Overview, About the Company, Revenue Model, Funding and Investors, Key Features, Business and Marketing Strategies, Product Offered, Strengths, Recent Developments, Key Takeaways and Financials- FY’17-FY’21. Further report also focuses on the Indian Neo Banking Market Segmentation By type of Users (Business/Domestic), By Operating Region (North, East, West, South), By Type of Application (Personal, Business, Others), By Age Group of Users (Less than 20, Between 20 and 40, and More than 40). Industry experts interviews from ZikZuk, Freo, Tide has been addressed in the report. Indian Neo Banking Market report concludes with projections for the future of the industry including forecasted industry size by revenue by 2027, and analysts’ take on the future highlighting the major opportunities. To learn more about this report Download a Free Sample Report Indian Neo Banking Market Overview and Size Indian Neo Banking market expanded with substantial growth in between 2017 and 2022 with massive expansion in the adoption of Neo Banking as the mode of payment due to rising industry valuation, trend of contactless payments and the emergence of Neo Banking startups. The primary factors driving the market growth is the emergence of instant payment anytime and anywhere, rising internet penetration in the country, growing awareness among the users, controlled, secured and efficient transactions with convenience of use and a highly rewarding experience provided by the market players to their users. The volume of digital payments in India grew by 33% during the financial year 2021-2022. These payments are assisted by advanced technology and are, therefore, quick, simple and convenient. When these payments are assisted by Neo Banks, they boost the purchasing power of people through partner merchants and rewards. Neo Banks RazorPay are providing Neo Banking facilities to all kinds of Indian residents in all major tier-I and tier-II cities. On the other hand, consumers too are drawn towards digital payments due surging adoption of contactless payments post COVID-19 which is also contributing in the growth of Neo Banking market by increasing their userbase. The smartphone penetration rate in India is projected to increase from 54% in 2020 to 96% in 2040. As more and more people across India, including people in rural areas, use smartphones, they get increasingly exposed to digital payment modes. In the wake of the pandemic, the National Payments Corporation of India (NPCI) encouraged customers and providers of emergency services to adopt digital payment systems, ensuring the safety of contactless transactions. As a result, transactions increased to some extent. Indian Neo Banking Market Segmentation By different Region of the country (North, East, West and South): Neo Banking market in India can be segmented basis of Region: North, West and South regions are distribted fairly in the country on the basis of Revenue of Neo Banks in FY’21 with comparatively low penetration in Eastern region due to low internet and technology penetration. Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTg0MjY2 By Application of Users (Personal, Enterprise and Others): Neo Banking market in India can also be segmented on the basis of application of users: Personal and Enterprise users constitutes and market on the basis of revenue in FY’21 and personal application users are the majority of the market while the other segment includes B2B2C users. By Type of Account (Saving and Business): Neo Banking market in India can be segmented on the basis of Type of Account: Saving and Business account Neo where Saving Account are dominating the Indian Neo Banking industry when compared to the Business Account on the basis of revenue contribution in FY’21. By Age of Users (Less than 20, Between 20-40, and More than 40): Neo Banking market in India can also be segmented on the basis of Age group of users: <20, 20-40, >40. Age group between 20 to 40 captures the major market share in 2022 on the basis of revenue contribution. The major reason is high technology and internet penetration among the youth, willingness to invest from traditional form of banking, and high financial literacy. Competitive Landscape in Indian Neo Banking Industry RazorPay and InstantPay have dominated Indian Neo Banking Industry. However, companies such as Freo, NiyoX, FI Money, Jupiter, FamPay are disrupting the Neo Banking space by bringing new product and features in the market and bringing financial inclusivity amongst all sectors of the society. In the last few years, Neo Banks specialized towards the needs of women, teenagers, gig economy, SMSE have been formed and offered lucrative products and scheme with the aim of expanding the financial umbrella towards all section of the soceity. These Neo Banking start-ups are associated with traditional banks to launch new products and services in the untapped market. These Neo Banking issuing Platforms in India have raised several round of funding over the years from prominent Venture funds and Investors across the country. The Neo Banking industry has not exploited the commercial part of the banking industry and business customers still prefers traditional banking system due to high volume transactions, security issues, bank trust and more. In essence, the Neo Banking industry has a lot more potential to flourish across the country if its pain points can be resolved fast, paving the path for a robust penetration of digital banking in the country. Indian Neo Banking Market Future Outlook and Projections Indian Neo Banking market is expected to expand with a single digit CAGR in between 2022 and 2027 on the basis of revenue generated. It is anticipated that Neo Banking industry will grow owing to factors such as increasing internet penetration and better product offerings in a competitive landscape in the coming years. India has been culturally conservative towards online banking and it is always believe in physical contact with the official. But new-age start-ups are very focused on changing this mentality by creating awareness about how Neo Bankings can be used for normal banking activities. Many new Neo Banks will be entering the Indian Neo Banking space by offering services to individuals and corporates. All Neo banks in this space are trying to attract customers through their digital offerings and will witness significant growth in new customers in the coming years. Banks and Card providers like VISA, Mastecard are also exploring partnerships with Neo Banking players to acquire new customers to their platforms. Traditional players need to take a cue from these players to enhance their offerings in the coming future. Teenagers are the untapped banking customer segment with no major offerings by the traditional players which has been overcome by Neo Banks such as FamPay, Akudo and more. Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTg0MjY2 Key Segments Covered in Indian Neo banking Industry:- Indian Neo banking Market By Type of Accounts Saving Business By Region of Operation North West South East By Type of Application Personal Enterprise Other By Age of Users Less than 20 Between 20-40 More than 40 Overview of India Neo banking Industry Cross Comparison of Indian Neo banking Industry Players Value Chain Analysis of Neo Banks Investment Analysis in Neo Banking companies Neo Banking Industry Analysis Key Target Audience Neo Banking Players Credit Based Neo Banks Payment Gateway Banks Banking Institutions Payment System Operators Associated or affiliated Banks with Neo Banks Regulatory Bodies for Neo banking Players FinTechs Various Card holder providers New Entrants in Neo banking Space Potential Neo banking Users Time Period Captured in the Report:- Historical Period: FY’2017-FY’2021 Forecast Period: FY’2022-FY’2027F Indian Neo banking Industry Players/Ecosystem Neo Banks InstantPay NiYO Freo EscrowPay Neobank Open Avail Finance RazorPayX Fi Money Jupiter FamPay Karbon Card OneBanc FloBiz ZikZuk Akudo Mahila Money Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTg0MjY2 Payment Gateways PayU Money CC Avenue Paytm Paypal Instamojo EBS Cashfree Key Topics Covered in the Report:- Overview and Genesis of Indian Neo Banking Market India Neo Banking Industry Cycle Overview of Neo Banking Services/ Products Consumption Expenditure and Borrowing Trends Socio-Demographic Outlook of India India Neo Banking Industry Introduction Ecosystem of Entities in the Indian Neo Banking Industry Value Chain Analysis of Neo Banking India Neo Banking Market Sizing on the basis of Revenue and Number of players in the Neo Banking Industry India Neo Banking Market Segmentation (By Type of Accounts, By Region of Operation, By Type Application and By Age Group of Users). Cross Comparison of Major Players in Neo Banking Industry Trends and Developments Growth Drivers of the Indian Neo Banking Industry Issues and Challenges in the Indian Neo-Banking Industry Role of Government and Regulations in the Indian Neo-Banking Industry Risk Involved and COVID Impact in Business Operations Porter’s five forces Analysis of the Indian Neo-Banking Industry SWOT Analysis of the Indian Neo-Banking Industry Investment Analysis of the Indian Neo Banking Industry Investment Timeline of the Indian Neo Banking Industry Investment Segmentation basis of type of Investment, Type of Investor Increase in number of Neo Banking start-ups Future Outlook and Projection for Market Sizing Future Outlook and Projection for Market Segmentation Computation of Addressable Market Growth of Digital Lending Company profile of major Neo Banks’s players operating in the ecosystem (Company Overview, About the Company, Revenue Model, Funding and Investors, Key Features, Fee Structure, Product Offered, Strengths, Recent Developments, Key Takeaways and Financials) Industry Speaks Research Methodology For More Information on the research report, refer to below link:- Indian Neo Banking Industry Related Reports:- India Buy Now Pay Later Market Outlook to 2026: Cascading Growth driven by one-click payment ease, unmatched expediency among lending solutions and free of cost deferment of payments, coupled with rising adoption by Merchant Payments due to increase in Customer Conversion and Sales Value Asia Neo Banking Market Outlook to 2025 – By Commercial and Personal Neo Banking; By Transactions at ATM and POS Terminals; by Total Cards in Circulation; Transaction Value and Volume through Issuers and Operators; and by Countries (Japan, South Korea, India, China, Indonesia, Philippines, Singapore and Others Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Support@kenresearch.com +91-9015378249 Tags: Akudo Neo Banking Market, Avail Finance Neo Banking Market, Cashfree Payment Gateways Market, CC Avenue Payment Gateways Market, Covid-19 Impact India Neo Banking Industry, Covid-19 Impact India Neo Banking Market, East India Neo Banking Market, EBS Payment Gateways Market, EscrowPay Neobank Neo Banking Market, Evaluation Study India Neo Banking Market, Evaluation Summary Report India Neo Banking Market, Evaluative Survey India Neo Banking Market, FamPay Neo Banking Market, Fi Money Neo Banking Market, FloBiz Neo Banking Market, Freo Neo Banking Market, India Neo Banking Business Account Market, India Neo Banking Due Diligence Report, India Neo Banking Growth Strategy Market Report, India Neo Banking Industry, India Neo Banking Industry Research Report, India Neo Banking Market, India Neo Banking Market Analysis, India Neo Banking Market Competition, India Neo Banking Market Competition Benchmarking, India Neo Banking Market Evaluation Report, India Neo Banking Market Forecast, India Neo Banking Market Future Outlook, India Neo Banking Market Growth, India Neo Banking Market Major Players, India Neo Banking Market Research Report, India Neo Banking Market Revenue, India Neo Banking Market Revenue Forecasting, India Neo Banking Market Sales, India Neo Banking Market Shares, India Neo Banking Market Size, India Neo Banking Market Trends, India Neo Banking Saving Account Market, Indian Neo Banking Industry, Indian Neo Banking Market, Industry Research Report of India Neo Banking, Instamojo Payment Gateways Market, InstantPay Neo Banking Market, Jupiter Neo Banking Market, Karbon Card Neo Banking Market, Mahila Money Neo Banking Market, Market Research Report of India Neo Banking, Neo Banking Industry In India, Neo Banking Market In India, NiYO Neo Banking Market, North India Neo Banking Market, OneBanc Neo Banking Market, Open Neo Banking Market, Paypal Payment Gateways Market, Paytm Payment Gateways Market, PayU Money Payment Gateways Market, RazorPayX Neo Banking Market, Social Evaluation Research India Neo Banking Market, South India Neo Banking Market, West India Neo Banking Market, Write An Evaluation Report On India Neo Banking Market, ZikZuk Neo Banking Market