Neo Bank: A new wave of change in the Indian Banking Sector: Ken Research The Neo banking industry had been in its infancy phase for 6 years in India. But the market picked up the pace during the pandemic with the entry of new players, and an increase in technology and internet penetration. Additionally, RBI and the government’s increased participation in the digitalization of payment mechanisms along with the… Read More »
Indian Neo Banking Market Growth Is Propelled By Growing Internet Penetration: Ken Research According to the report analysis, ‘Indian Neo Banking Industry Outlook to 2027: Driven by adoption of contactless payments, shifting consumer preferences towards Fin-Tech, rising market players and digitalization’ states that Indian Neo Banking market prolonged with the substantial growth in between 2017 and 2022 with enormous expansion in the acceptance of Neo Banking as the… Read More »
Indian Neo Banking Market, Industry Growth and Analysis, Outlook to 2027 : Ken Research Overview Neobanking is a novel banking technology that delivers the complete online banking solutions to its customers. These banks differ from traditional banks, as they have no physical offices and branches. Neobanking enables everything from opening an account to other services, without the requirement to go to a bank. Report analysis and competitive landscape According… Read More »
Rapid Urbanization, Adoption of Cashless Society, and Emergence of Fintech will drive the growth of India Neo banking Industry at a CAGR of 9% during 2022-27: Ken Research Due to increasing digital penetration and urbanization, Neo banks will be preferred over Traditional Banks in the next five years. Traditional Banks will face a threat to the Neo banking industry in the future due to the growing adoption of digital and cashless systems. Rapid Urbanization: Increasing income of people along with growing standards of… Read More »
India Neo Banking Market Forecast, Market Competition, Outlook to 2027: Ken Research Indian Neo Banking Industry Segmentation, 2022 By Application of Users Neo Banking market in India can be segmented based on Purpose of Usage: Personal, Enterprise and Others where personal application users accounted for the highest market share of XX% as compared to the enterprise users and other users in the year 2021. Attributed to the… Read More »
India Neo Banking Market Revenue, Sales, Major Players, Industry Growth and Analysis: Ken Research Overview Of Indian Neo Banking Industry and Market Size Indian Neo Banking Industry was valued at ~XX INR Crore in FY’21, expanding at a CAGR of XX% in between FY’17 and FY’21 on the basis of revenue generated with massive expansion in the adoption of Neo Banking as the mode of payment due to rising… Read More »
Due to rising adoption of contactless payments, along with shifting consumer preferences towards Fin-tech products by advent of COVID-19 is fuelling the expansion of Neo Banking Industry in India: Ken Research Growth of Players: The Neo banking industry in India is undergoing changes, with entry of players in the industry targeting particular segments of the country catering to specific needs of their users. Traditionally, Neo Banks such as RazorPay and InstantPay has dominated the segment. The Indian payments industry has witnessed a dramatic shift in recent… Read More »
Indian Neo Banking Industry Outlook to 2027: Ken Research 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,… Read More »
