Showing posts with label Indian Neo Banking Industry. Show all posts
Showing posts with label Indian Neo Banking Industry. Show all posts

Tuesday, August 23, 2022

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 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 digitalizationstates that RazorPay and InstantPay have registered the Indian Neo Banking Industry. However, companies such as Freo, NiyoX, FI Money, Jupiter, FamPay are troublemaking the Neo Banking space by bringing new product and features in the market and carrying the financial inclusivity amongst all segments of the society. In the last few years, Neo Banks dedicated towards the requirements of women, teenagers, gig economy, SMSE have been formed and proposed the lucrative products and scheme with the focus of enlarging the financial umbrella towards all section of the soceity. These Neo Banking start-ups are linked with traditional banks to launch new products and services in the unexploited market. These Neo Banking Issuing Platforms in India have raised numerous round of funding over the years from protruding Venture funds and Investors around the country. The Neo Banking industry has not subjugated the commercial part of the banking industry and business clients still prefers traditional banking system owing to high volume transactions, security issues, bank trust and many more. In spirit, the Neo Banking industry has a lot more potential to flourish around the country if its pain points can be determined fast, paving the path for a vigorous penetration of digital banking across the country.

Market Size

Neo Banks RazorPay are delivering the Neo Banking facilities to all forms of Indian residents in all foremost tier-I and tier-II cities. On the other hand, clients too are drawn towards digital payments owing surging implementation of contactless payments post COVID-19 which is also underwriting in the growth of Neo Banking market by growing their userbase. The smartphone penetration rate in India is predicted to augment from 54% in 2020 to 96% in 2040. As more and more individuals across India, involving the people in rural areas, utilize the smartphones, they get progressively exposed to digital payment modes. In the wake of the pandemic, the National Payments Corporation of India (NPCI) motivated customers and providers of emergency services to implement the digital payment systems, guaranteeing the safety of contactless transactions. As a result, transactions augmented to some extent.

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Future Outlook

All Neo banks in this space are trying to fascinate the customers through their digital offerings and will experience the significant growth in new clients in the forthcoming years. Banks and Card providers such as VISA, Mastecard are also exploring partnerships with Neo Banking players to obtain new customers to their platforms. Traditional players require to take a cue from these players to improve their offerings during the coming future. Teenagers are the untapped banking customer segment with no foremost offerings by the traditional players which has been overcome by Neo Banks such as FamPay, Akudo and many more.

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

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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

Payment Gateways

PayU Money

CC Avenue

Paytm

Paypal

Instamojo

EBS

Cashfree

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

Wednesday, August 17, 2022

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 fact that after Covid-19, there is an increase in online shopping rather than going to the stores, which in turn increased the Neo Banking usage.

By operation on Region

Neo Banking market in India can also be segmented on the basis of Region: North, West, East and South, where the regions are fairly distributed with West and South regions as the highest contributors at XX% of share, and Eastern region as the lowest share.

By Type of Account

Neo Banking market in India can be segmented on the basis of Type of Account: Saving Neo Banking Account and Current Neo Banking Account where Saving Neo Banking are dominating the Indian Neo Banking industry with market share of XX% when compared to the Current Neo Banking on the basis of revenue contribution in 2021.

By Age Group of Users

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 and 40 captures the major market share of XX% in 2021 on the basis of revenue contribution due to high internet and technology penetration among the Gen Y segment of the population.

Competitor Analysis of Neo Banking Players

Neo Banking industry is fragmented with multiple players and comparison has been done on qualitative and quantitative aspects among the major players in the Industry such as Revenue, Expenses, Users, Investments and more.

Company Profiling of Major Players

Company profile of major players mentioning the key players, incorporation time, financial information FY’17-21, Strength, Strategies, Recent development has been mentioned in the report for majority of the Neo Bank in the country.

Future Outlook and Projection

Indian Neo banking industry is expected to expand with a CAGR of XX% in between FY’22 and FY’27 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.

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

Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTg0MjY2

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

Payment Gateways

PayU Money

CC Avenue

Paytm

Paypal

Instamojo

EBS

Cashfree

Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTg0MjY2

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