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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 industry valuation, trend of contactless payments and the emergence of Neo Banking startups in the industry.

The primary factors driving the market growth is the emergence of preferring no physical interaction, 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. The Market is expected to grow at ~XX cores with the CAGR of XX% by FY’27 and the serviceable addressable market is expected to have huge upside potential. 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. On the other hand, consumers too are increasingly being drawn to digital services due surging adoption of contactless payments post COVID-19 which is also contributing in the growth of Neo Banking market by increasing their user base. 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 are increasingly exposed to digital payment modes. Gen-Zs and millennials are already comfortable with using them as they grew up with technology.

Merchants are linking themselves to Neo Banks to allow more and more consumers to access and shop for their products easily. Thus, as digital payment modes are forming the bridge between multiple consumers and merchants, they are undergoing exponential growth. Applications are made specifically for SMEs, Gig Economy, Women and Teenagers to increase the financial inclusivity and participation by different sections of the country. The best part of digital services is that they can be carried out instantly anytime anywhere and even on the move. Neo Banks provides 24*7 assistance through their BOT applications.

Overview Of Indian Neo Banking Industry And Market Size

Indian Neo Banking has grown tremendously over the past few years due to the high growth in the number of Neo Banking start-ups, increasing internet penetration, increasing financial literacy among the youth of the country and more. The market is expected to grow at a very high % since the COVID due to the preference of minimising personal touch, increasing online orders from merchants, high internet and technology penetration 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

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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

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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

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Support@kenresearch.com
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