Internet-only Bank Market

Internet-only Bank Market - Global Outlook 2024-2030

Global Internet-only Bank is segmented by Application (Banking services, Managing finances online, Mobile banking, Online payments, Digital financial services), Type (Online banking, Mobile banking, Digital banking, Neobanks, Challenger banks) and Geography(North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA)

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INDUSTRY OVERVIEW

The Internet-only Bank market is experiencing robust growth, projected to achieve a compound annual growth rate CAGR of 12.00% during the forecast period. Valued at 50Billion, the market is expected to reach 100Billion by 2030, with a year-on-year growth rate of 8.50%. This upward trajectory is driven by factors such as evolving consumer preferences, technological advancements, and increased investment in innovation, positioning the market for significant expansion in the coming years. Companies should strategically focus on enhancing their offerings and exploring new market opportunities to capitalize on this growth potential.

Internet-only Bank Market Size in (USD Billion) CAGR Growth Rate 12.00%

Study Period 2024-2030
Market Size (2019): 50Billion
Market Size (2030): 100Billion
CAGR (2019 - 2030): 12.00%
Fastest Growing Region Europe
Dominating Region North America
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The internet-only bank market involves banks that operate exclusively online, without any physical branches. These banks, often referred to as digital banks or neobanks, offer a range of financial services such as savings accounts, loans, and payments through mobile apps or websites. The market is growing rapidly due to the increasing demand for convenient, low-cost banking solutions and the rise of digital technology. Internet-only banks generally have lower overhead costs compared to traditional banks, allowing them to offer competitive interest rates and lower fees. The shift toward digital-first banking experiences, especially among younger, tech-savvy consumers, is also driving growth in this market. With advancements in cybersecurity, artificial intelligence, and data analytics, internet-only banks can offer personalized, efficient services. As the financial services industry becomes more digital, the internet-only banking market is expected to expand further, particularly in emerging markets.



Regulatory Framework

The Information and Communications Technology (ICT) industry is primarily regulated by the Federal Communications Commission (FCC) in the United States, along with other national and international regulatory bodies. The FCC oversees the allocation of spectrum, ensures compliance with telecommunications laws, and fosters fair competition within the sector. It also establishes guidelines for data privacy, cybersecurity, and service accessibility, which are crucial for maintaining industry standards and protecting consumer interests.
Globally, various regulatory agencies, such as the European Telecommunications Standards Institute (ETSI) and the International Telecommunication Union (ITU), play significant roles in standardizing practices and facilitating international cooperation. These bodies work together to create a cohesive regulatory framework that addresses emerging technologies, cross-border data flow, and infrastructure development. Their regulations aim to ensure the ICT industry's growth is both innovative and compliant with global standards, promoting a secure and competitive market environment.
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Key Highlights

•    The Internet-only Bank is growing at a CAGR of 12.00% during the forecasted period of 2024 to 2030
•    Year on Year growth for the market is 8.50%
•    Based on type, the market is bifurcated into Online banking, Mobile banking, Digital banking, Neobanks
•    Based on application, the market is segmented into Banking services, Managing finances online, Mobile banking, Online payments, Digital financial services
•    Global Import Export in terms of K Tons, K Units, and Metric Tons will be provided if Applicable based on industry best practice

Market Segmentation Analysis

Segmentation by Type


  • Online banking
  • Mobile banking
  • Digital banking
  • Neobanks

Internet-only Bank Market Segmentation by Type

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Segmentation by Application
 
  • Banking services
  • Managing finances online
  • Mobile banking
  • Online payments
  • Digital financial services

Internet-only Bank Market Segmentation by Application

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Key Players

Several key players in the Internet-only Bank market are strategically focusing on expanding their operations in developing regions to capture a larger market share, particularly as the year-on-year growth rate for the market stands at 8.50%. The companies featured in this profile were selected based on insights from primary experts, evaluating their market penetration, product offerings, and geographical reach. By targeting emerging markets, these companies aim to leverage new opportunities, enhance their competitive advantage, and drive revenue growth. This approach not only aligns with their overall business objectives but also positions them to respond effectively to the evolving demands of consumers in these regions.
  • Chime
  • N26
  • Monzo
  • Revolut
  • Ally Bank
  • Simple
  • Varo
  • Atom Bank
  • Zopa

Internet-only Bank Market Segmentation by Players

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Research Methodology

At HTF Market Intelligence, we pride ourselves on delivering comprehensive market research that combines both secondary and primary methodologies. Our secondary research involves rigorous analysis of existing data sources, such as industry reports, market databases, and competitive landscapes, to provide a robust foundation of market knowledge. This is complemented by our primary research services, where we gather firsthand data through surveys, interviews, and focus groups tailored specifically to your business needs. By integrating these approaches, we offer a thorough understanding of market trends, consumer behavior, and competitive dynamics, enabling you to make well-informed strategic decisions. We would welcome the opportunity to discuss how our research expertise can support your business objectives.

Market Dynamics


Market dynamics refer to the forces that influence the supply and demand of products and services within a market. These forces include factors such as consumer preferences, technological advancements, regulatory changes, economic conditions, and competitive actions. Understanding market dynamics is crucial for businesses as it helps them anticipate changes, identify opportunities, and mitigate risks.
By analyzing market dynamics, companies can better understand market trends, predict potential shifts, and develop strategic responses. This analysis enables businesses to align their product offerings, pricing strategies, and marketing efforts with evolving market conditions, ultimately leading to more informed decision-making and a stronger competitive position in the marketplace.

Market Driver

  • Increasing Demand For Digital Banking
  • Rising Smartphone Penetration


Market Trend

  • AI-powered financial advice
  • Personalized banking experiences
  • Biometric authentication

Opportunity

  • Increasing Demand For Digital Banking
  • Rising Smartphone Penetration


Challenge

  • Regulatory Hurdles
  • Building Customer Trust
  • Cybersecurity Risks



Regional Outlook

The North America Region holds the largest market share in 2019 and is expected to grow at a good CAGR. The Europe Region is the fastest-growing region due to increasing development and disposable income.


North America remains a leader, driven by innovation hubs like Silicon Valley and a strong demand for advanced technologies such as AI and cloud computing. Europe is characterized by robust regulatory frameworks and significant investments in digital transformation across sectors. Asia-Pacific is experiencing rapid growth, led by major markets like China and India, where increasing digital adoption and governmental initiatives are propelling ICT advancements.


The Middle East and Africa are witnessing steady expansion, driven by infrastructure development and growing internet penetration. Latin America and South America present emerging opportunities, with rising investments in digital infrastructure, though challenges like economic instability can impact growth. These regional differences highlight the need for tailored strategies in the global ICT market.
 

Regions
  • North America
  • LATAM
  • West Europe
  • Central & Eastern Europe
  • Northern Europe
  • Southern Europe
  • East Asia
  • Southeast Asia
  • South Asia
  • Central Asia
  • Oceania
  • MEA
Fastest Growing Region
Europe
Europe Ruling Internet-only Bank Market in 2019
Dominating Region
North America
North America Ruling Internet-only Bank Market in 2019

 

Report Features

Details

Base Year

2019

Based Year Market Size (2019)

50Billion

Historical Period Market Size (2024)

40Billion

CAGR (2019 to 2030)

12.00%

Forecast Period

2025 to 2030

Forecasted Period Market Size (2030)

100Billion 

Scope of the Report

Online banking, Mobile banking, Digital banking, Neobanks, Banking services, Managing finances online, Mobile banking, Online payments, Digital financial services

Regions Covered

North America, Europe, Asia Pacific, South America, and MEA

Year on Year Growth

8.50%

Companies Covered

Chime, N26, Monzo, Revolut, Ally Bank, Simple, Varo, Atom Bank, Zopa

Customization Scope

15% Free Customization (For EG)

Delivery Format

PDF and Excel through Email

 

 

Internet-only Bank - Table of Contents

Chapter 1: Market Preface
  • 1.1 Global Internet-only Bank Market Landscape
  • 1.2 Scope of the Study
  • 1.3 Relevant Findings & Stakeholder Advantages

Chapter 2: Strategic Overview
  • 2.1 Global Internet-only Bank Market Outlook
  • 2.2 Total Addressable Market versus Serviceable Market
  • 2.3 Market Rivalry Projection

Chapter 3 : Global Internet-only Bank Market Business Environment & Changing Dynamics
  • 3.1 Growth Drivers
    • 3.1.1 Increasing demand for digital banking
    • 3.1.2 Rising smartphone penetration
  • 3.2 Available Opportunities
    • 3.2.1 Increasing demand for digital banking
  • 3.3 Influencing Trends
    • 3.3.1 AI-powered financial advice
    • 3.3.2 Personal
  • 3.4 Challenges
    • 3.4.1 Regulatory hurdles
    • 3.4.2 Building customer
  • 3.5 Regional Dynamics

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Chapter 4 : Global Internet-only Bank Industry Factors Assessment
  • 4.1 Current Scenario
  • 4.2 PEST Analysis
  • 4.3 Business Environment - PORTER 5-Forces Analysis
    • 4.3.1 Supplier Leverage
    • 4.3.2 Bargaining Power of Buyers
    • 4.3.3 Threat of Substitutes
    • 4.3.4 Threat from New Entrant
    • 4.3.5 Market Competition Level
  • 4.4 Roadmap of Internet-only Bank Market
  • 4.5 Impact of Macro-Economic Factors
  • 4.6 Market Entry Strategies
  • 4.7 Political and Regulatory Landscape
  • 4.8 Supply Chain Analysis
  • 4.9 Impact of Tariff War


Chapter 5: Internet-only Bank : Competition Benchmarking & Performance Evaluation
  • 5.1 Global Internet-only Bank Market Concentration Ratio
    • 5.1.1 CR4, CR8 and HH Index
    • 5.1.2 % Market Share - Top 3
    • 5.1.3 Market Holding by Top 5
  • 5.2 Market Position of Manufacturers by Internet-only Bank Revenue 2019
  • 5.3 BCG Matrix
  • 5.3 Market Entropy
  • 5.4 Heat Map Analysis
  • 5.5 Strategic Group Analysis
Chapter 6: Global Internet-only Bank Market: Company Profiles
  • 6.1 Chime
    • 6.1.1 Chime Company Overview
    • 6.1.2 Chime Product/Service Portfolio & Specifications
    • 6.1.3 Chime Key Financial Metrics
    • 6.1.4 Chime SWOT Analysis
    • 6.1.5 Chime Development Activities
  • 6.2 N26
  • 6.3 Monzo
  • 6.4 Revolut
  • 6.5 Ally Bank
  • 6.6 Simple
  • 6.7 Varo
  • 6.8 Atom Bank
  • 6.9 Zopa
  • 6.10 Marcus By Goldman Sachs

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Chapter 7 : Global Internet-only Bank by Type & Application (2024-2030)
  • 7.1 Global Internet-only Bank Market Revenue Analysis (USD Million) by Type (2024-2019)
    • 7.1.1 Online Banking
    • 7.1.2 Mobile Banking
    • 7.1.3 Digital Banking
    • 7.1.4 Neobanks
    • 7.1.5 Challenger Banks
  • 7.2 Global Internet-only Bank Market Revenue Analysis (USD Million) by Application (2024-2019)
    • 7.2.1 Banking Services
    • 7.2.2 Managing Finances Online
    • 7.2.3 Mobile Banking
    • 7.2.4 Online Payments
    • 7.2.5 Digital Financial Services
  • 7.3 Global Internet-only Bank Market Revenue Analysis (USD Million) by Type (2019-2030)
  • 7.4 Global Internet-only Bank Market Revenue Analysis (USD Million) by Application (2019-2030)

Chapter 8 : North America Internet-only Bank Market Breakdown by Country, Type & Application
  • 8.1 North America Internet-only Bank Market by Country (USD Million) [2024-2019]
    • 8.1.1 United States
    • 8.1.2 Canada
  • 8.2 North America Internet-only Bank Market by Type (USD Million) [2024-2019]
    • 8.2.1 Online Banking
    • 8.2.2 Mobile Banking
    • 8.2.3 Digital Banking
    • 8.2.4 Neobanks
    • 8.2.5 Challenger Banks
  • 8.3 North America Internet-only Bank Market by Application (USD Million) [2024-2019]
    • 8.3.1 Banking Services
    • 8.3.2 Managing Finances Online
    • 8.3.3 Mobile Banking
    • 8.3.4 Online Payments
    • 8.3.5 Digital Financial Services
  • 8.4 North America Internet-only Bank Market by Country (USD Million) [2020-2030]
  • 8.5 North America Internet-only Bank Market by Type (USD Million) [2020-2030]
  • 8.6 North America Internet-only Bank Market by Application (USD Million) [2020-2030]
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Chapter 9 : LATAM Internet-only Bank Market Breakdown by Country, Type & Application
  • 9.1 LATAM Internet-only Bank Market by Country (USD Million) [2024-2019]
    • 9.1.1 Brazil
    • 9.1.2 Argentina
    • 9.1.3 Chile
    • 9.1.4 Mexico
    • 9.1.5 Rest of LATAM
  • 9.2 LATAM Internet-only Bank Market by Type (USD Million) [2024-2019]
    • 9.2.1 Online Banking
    • 9.2.2 Mobile Banking
    • 9.2.3 Digital Banking
    • 9.2.4 Neobanks
    • 9.2.5 Challenger Banks
  • 9.3 LATAM Internet-only Bank Market by Application (USD Million) [2024-2019]
    • 9.3.1 Banking Services
    • 9.3.2 Managing Finances Online
    • 9.3.3 Mobile Banking
    • 9.3.4 Online Payments
    • 9.3.5 Digital Financial Services
  • 9.4 LATAM Internet-only Bank Market by Country (USD Million) [2020-2030]
  • 9.5 LATAM Internet-only Bank Market by Type (USD Million) [2020-2030]
  • 9.6 LATAM Internet-only Bank Market by Application (USD Million) [2020-2030]
Chapter 10 : West Europe Internet-only Bank Market Breakdown by Country, Type & Application
  • 10.1 West Europe Internet-only Bank Market by Country (USD Million) [2024-2019]
    • 10.1.1 Germany
    • 10.1.2 France
    • 10.1.3 Benelux
    • 10.1.4 Switzerland
    • 10.1.5 Rest of West Europe
  • 10.2 West Europe Internet-only Bank Market by Type (USD Million) [2024-2019]
    • 10.2.1 Online Banking
    • 10.2.2 Mobile Banking
    • 10.2.3 Digital Banking
    • 10.2.4 Neobanks
    • 10.2.5 Challenger Banks
  • 10.3 West Europe Internet-only Bank Market by Application (USD Million) [2024-2019]
    • 10.3.1 Banking Services
    • 10.3.2 Managing Finances Online
    • 10.3.3 Mobile Banking
    • 10.3.4 Online Payments
    • 10.3.5 Digital Financial Services
  • 10.4 West Europe Internet-only Bank Market by Country (USD Million) [2020-2030]
  • 10.5 West Europe Internet-only Bank Market by Type (USD Million) [2020-2030]
  • 10.6 West Europe Internet-only Bank Market by Application (USD Million) [2020-2030]
Chapter 11 : Central & Eastern Europe Internet-only Bank Market Breakdown by Country, Type & Application
  • 11.1 Central & Eastern Europe Internet-only Bank Market by Country (USD Million) [2024-2019]
    • 11.1.1 Bulgaria
    • 11.1.2 Poland
    • 11.1.3 Hungary
    • 11.1.4 Romania
    • 11.1.5 Rest of CEE
  • 11.2 Central & Eastern Europe Internet-only Bank Market by Type (USD Million) [2024-2019]
    • 11.2.1 Online Banking
    • 11.2.2 Mobile Banking
    • 11.2.3 Digital Banking
    • 11.2.4 Neobanks
    • 11.2.5 Challenger Banks
  • 11.3 Central & Eastern Europe Internet-only Bank Market by Application (USD Million) [2024-2019]
    • 11.3.1 Banking Services
    • 11.3.2 Managing Finances Online
    • 11.3.3 Mobile Banking
    • 11.3.4 Online Payments
    • 11.3.5 Digital Financial Services
  • 11.4 Central & Eastern Europe Internet-only Bank Market by Country (USD Million) [2020-2030]
  • 11.5 Central & Eastern Europe Internet-only Bank Market by Type (USD Million) [2020-2030]
  • 11.6 Central & Eastern Europe Internet-only Bank Market by Application (USD Million) [2020-2030]
Chapter 12 : Northern Europe Internet-only Bank Market Breakdown by Country, Type & Application
  • 12.1 Northern Europe Internet-only Bank Market by Country (USD Million) [2024-2019]
    • 12.1.1 The United Kingdom
    • 12.1.2 Sweden
    • 12.1.3 Norway
    • 12.1.4 Baltics
    • 12.1.5 Ireland
    • 12.1.6 Rest of Northern Europe
  • 12.2 Northern Europe Internet-only Bank Market by Type (USD Million) [2024-2019]
    • 12.2.1 Online Banking
    • 12.2.2 Mobile Banking
    • 12.2.3 Digital Banking
    • 12.2.4 Neobanks
    • 12.2.5 Challenger Banks
  • 12.3 Northern Europe Internet-only Bank Market by Application (USD Million) [2024-2019]
    • 12.3.1 Banking Services
    • 12.3.2 Managing Finances Online
    • 12.3.3 Mobile Banking
    • 12.3.4 Online Payments
    • 12.3.5 Digital Financial Services
  • 12.4 Northern Europe Internet-only Bank Market by Country (USD Million) [2020-2030]
  • 12.5 Northern Europe Internet-only Bank Market by Type (USD Million) [2020-2030]
  • 12.6 Northern Europe Internet-only Bank Market by Application (USD Million) [2020-2030]
Chapter 13 : Southern Europe Internet-only Bank Market Breakdown by Country, Type & Application
  • 13.1 Southern Europe Internet-only Bank Market by Country (USD Million) [2024-2019]
    • 13.1.1 Spain
    • 13.1.2 Italy
    • 13.1.3 Portugal
    • 13.1.4 Greece
    • 13.1.5 Rest of Southern Europe
  • 13.2 Southern Europe Internet-only Bank Market by Type (USD Million) [2024-2019]
    • 13.2.1 Online Banking
    • 13.2.2 Mobile Banking
    • 13.2.3 Digital Banking
    • 13.2.4 Neobanks
    • 13.2.5 Challenger Banks
  • 13.3 Southern Europe Internet-only Bank Market by Application (USD Million) [2024-2019]
    • 13.3.1 Banking Services
    • 13.3.2 Managing Finances Online
    • 13.3.3 Mobile Banking
    • 13.3.4 Online Payments
    • 13.3.5 Digital Financial Services
  • 13.4 Southern Europe Internet-only Bank Market by Country (USD Million) [2020-2030]
  • 13.5 Southern Europe Internet-only Bank Market by Type (USD Million) [2020-2030]
  • 13.6 Southern Europe Internet-only Bank Market by Application (USD Million) [2020-2030]
Chapter 14 : East Asia Internet-only Bank Market Breakdown by Country, Type & Application
  • 14.1 East Asia Internet-only Bank Market by Country (USD Million) [2024-2019]
    • 14.1.1 China
    • 14.1.2 Japan
    • 14.1.3 South Korea
    • 14.1.4 Taiwan
    • 14.1.5 Others
  • 14.2 East Asia Internet-only Bank Market by Type (USD Million) [2024-2019]
    • 14.2.1 Online Banking
    • 14.2.2 Mobile Banking
    • 14.2.3 Digital Banking
    • 14.2.4 Neobanks
    • 14.2.5 Challenger Banks
  • 14.3 East Asia Internet-only Bank Market by Application (USD Million) [2024-2019]
    • 14.3.1 Banking Services
    • 14.3.2 Managing Finances Online
    • 14.3.3 Mobile Banking
    • 14.3.4 Online Payments
    • 14.3.5 Digital Financial Services
  • 14.4 East Asia Internet-only Bank Market by Country (USD Million) [2020-2030]
  • 14.5 East Asia Internet-only Bank Market by Type (USD Million) [2020-2030]
  • 14.6 East Asia Internet-only Bank Market by Application (USD Million) [2020-2030]
Chapter 15 : Southeast Asia Internet-only Bank Market Breakdown by Country, Type & Application
  • 15.1 Southeast Asia Internet-only Bank Market by Country (USD Million) [2024-2019]
    • 15.1.1 Vietnam
    • 15.1.2 Singapore
    • 15.1.3 Thailand
    • 15.1.4 Malaysia
    • 15.1.5 Indonesia
    • 15.1.6 Philippines
    • 15.1.7 Rest of SEA Countries
  • 15.2 Southeast Asia Internet-only Bank Market by Type (USD Million) [2024-2019]
    • 15.2.1 Online Banking
    • 15.2.2 Mobile Banking
    • 15.2.3 Digital Banking
    • 15.2.4 Neobanks
    • 15.2.5 Challenger Banks
  • 15.3 Southeast Asia Internet-only Bank Market by Application (USD Million) [2024-2019]
    • 15.3.1 Banking Services
    • 15.3.2 Managing Finances Online
    • 15.3.3 Mobile Banking
    • 15.3.4 Online Payments
    • 15.3.5 Digital Financial Services
  • 15.4 Southeast Asia Internet-only Bank Market by Country (USD Million) [2020-2030]
  • 15.5 Southeast Asia Internet-only Bank Market by Type (USD Million) [2020-2030]
  • 15.6 Southeast Asia Internet-only Bank Market by Application (USD Million) [2020-2030]
Chapter 16 : South Asia Internet-only Bank Market Breakdown by Country, Type & Application
  • 16.1 South Asia Internet-only Bank Market by Country (USD Million) [2024-2019]
    • 16.1.1 India
    • 16.1.2 Bangladesh
    • 16.1.3 Others
  • 16.2 South Asia Internet-only Bank Market by Type (USD Million) [2024-2019]
    • 16.2.1 Online Banking
    • 16.2.2 Mobile Banking
    • 16.2.3 Digital Banking
    • 16.2.4 Neobanks
    • 16.2.5 Challenger Banks
  • 16.3 South Asia Internet-only Bank Market by Application (USD Million) [2024-2019]
    • 16.3.1 Banking Services
    • 16.3.2 Managing Finances Online
    • 16.3.3 Mobile Banking
    • 16.3.4 Online Payments
    • 16.3.5 Digital Financial Services
  • 16.4 South Asia Internet-only Bank Market by Country (USD Million) [2020-2030]
  • 16.5 South Asia Internet-only Bank Market by Type (USD Million) [2020-2030]
  • 16.6 South Asia Internet-only Bank Market by Application (USD Million) [2020-2030]
Chapter 17 : Central Asia Internet-only Bank Market Breakdown by Country, Type & Application
  • 17.1 Central Asia Internet-only Bank Market by Country (USD Million) [2024-2019]
    • 17.1.1 Kazakhstan
    • 17.1.2 Tajikistan
    • 17.1.3 Others
  • 17.2 Central Asia Internet-only Bank Market by Type (USD Million) [2024-2019]
    • 17.2.1 Online Banking
    • 17.2.2 Mobile Banking
    • 17.2.3 Digital Banking
    • 17.2.4 Neobanks
    • 17.2.5 Challenger Banks
  • 17.3 Central Asia Internet-only Bank Market by Application (USD Million) [2024-2019]
    • 17.3.1 Banking Services
    • 17.3.2 Managing Finances Online
    • 17.3.3 Mobile Banking
    • 17.3.4 Online Payments
    • 17.3.5 Digital Financial Services
  • 17.4 Central Asia Internet-only Bank Market by Country (USD Million) [2020-2030]
  • 17.5 Central Asia Internet-only Bank Market by Type (USD Million) [2020-2030]
  • 17.6 Central Asia Internet-only Bank Market by Application (USD Million) [2020-2030]
Chapter 18 : Oceania Internet-only Bank Market Breakdown by Country, Type & Application
  • 18.1 Oceania Internet-only Bank Market by Country (USD Million) [2024-2019]
    • 18.1.1 Australia
    • 18.1.2 New Zealand
    • 18.1.3 Others
  • 18.2 Oceania Internet-only Bank Market by Type (USD Million) [2024-2019]
    • 18.2.1 Online Banking
    • 18.2.2 Mobile Banking
    • 18.2.3 Digital Banking
    • 18.2.4 Neobanks
    • 18.2.5 Challenger Banks
  • 18.3 Oceania Internet-only Bank Market by Application (USD Million) [2024-2019]
    • 18.3.1 Banking Services
    • 18.3.2 Managing Finances Online
    • 18.3.3 Mobile Banking
    • 18.3.4 Online Payments
    • 18.3.5 Digital Financial Services
  • 18.4 Oceania Internet-only Bank Market by Country (USD Million) [2020-2030]
  • 18.5 Oceania Internet-only Bank Market by Type (USD Million) [2020-2030]
  • 18.6 Oceania Internet-only Bank Market by Application (USD Million) [2020-2030]
Chapter 19 : MEA Internet-only Bank Market Breakdown by Country, Type & Application
  • 19.1 MEA Internet-only Bank Market by Country (USD Million) [2024-2019]
    • 19.1.1 Turkey
    • 19.1.2 South Africa
    • 19.1.3 Egypt
    • 19.1.4 UAE
    • 19.1.5 Saudi Arabia
    • 19.1.6 Israel
    • 19.1.7 Rest of MEA
  • 19.2 MEA Internet-only Bank Market by Type (USD Million) [2024-2019]
    • 19.2.1 Online Banking
    • 19.2.2 Mobile Banking
    • 19.2.3 Digital Banking
    • 19.2.4 Neobanks
    • 19.2.5 Challenger Banks
  • 19.3 MEA Internet-only Bank Market by Application (USD Million) [2024-2019]
    • 19.3.1 Banking Services
    • 19.3.2 Managing Finances Online
    • 19.3.3 Mobile Banking
    • 19.3.4 Online Payments
    • 19.3.5 Digital Financial Services
  • 19.4 MEA Internet-only Bank Market by Country (USD Million) [2020-2030]
  • 19.5 MEA Internet-only Bank Market by Type (USD Million) [2020-2030]
  • 19.6 MEA Internet-only Bank Market by Application (USD Million) [2020-2030]

Chapter 20: Research Findings & Conclusion
  • 20.1 Key Findings
  • 20.2 Conclusion

Chapter 21: Methodology and Data Source
  • 21.1 Research Methodology & Approach
    • 21.1.1 Research Program/Design
    • 21.1.2 Market Size Estimation
    • 21.1.3 Market Breakdown and Data Triangulation
  • 21.2 Data Source
    • 21.2.1 Secondary Sources
    • 21.2.2 Primary Sources

Chapter 22: Appendix & Disclaimer
  • 22.1 Acronyms & bibliography
  • 22.2 Disclaimer

Frequently Asked Questions (FAQ):

The Internet-only Bank market is estimated to derive a market size of 100 Billion by 2030.

The Internet-only Bank Market is predicted to grow at a CAGR of 12.00%.

AI-powered Financial Advice, Personalized Banking Experiences, Biometric Authentication, Open Banking APIs are seen to make big Impact on Internet-only Bank Market Growth.

  • Increasing Demand For Digital Banking
  • Rising Smartphone Penetration
  • Growing Fintech Industry

Business transformation in Internet-only Bank Market has taken hold due to the confluence of several important triggers, some of them are Regulatory Hurdles, Building Customer Trust, Cybersecurity Risks, Competition From Traditional Banks.

Some of the opportunities that Analyst at HTF MI have identified in Internet-only Bank Market are:
  • Increasing Demand For Digital Banking
  • Rising Smartphone Penetration
  • Growing Fintech Industry

New entrants, including competitors from unrelated industries along with players such as Chime, N26, Monzo, Revolut, Ally Bank, Simple, Varo, Atom Bank, Zopa, Marcus by Goldman Sachs Instituting a robust process in Global Internet-only Bank Market.

The Global Internet-only Bank Market Study is Broken down by applications such as Banking services, Managing finances online, Mobile banking, Online payments, Digital financial services.

The Global Internet-only Bank Market Study is segmented by Online banking, Mobile banking, Digital banking, Neobanks, Challenger banks.

The Global Internet-only Bank Market Study includes regional breakdown as North America, LATAM, West Europe,Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA

Historical Year: 2024 - Base year: 2019. Forecast period**: 2025 to 2030 [** unless otherwise stated]

The internet-only bank market involves banks that operate exclusively online, without any physical branches. These banks, often referred to as digital banks or neobanks, offer a range of financial services such as savings accounts, loans, and payments through mobile apps or websites. The market is growing rapidly due to the increasing demand for convenient, low-cost banking solutions and the rise of digital technology. Internet-only banks generally have lower overhead costs compared to traditional banks, allowing them to offer competitive interest rates and lower fees. The shift toward digital-first banking experiences, especially among younger, tech-savvy consumers, is also driving growth in this market. With advancements in cybersecurity, artificial intelligence, and data analytics, internet-only banks can offer personalized, efficient services. As the financial services industry becomes more digital, the internet-only banking market is expected to expand further, particularly in emerging markets.