Number of neobanking users in Russia 2019-2028

Published by Statista Research Department, Feb 9, 2024
The number of users in the 'Neobanking' segment of the fintech market in Russia was forecast to continuously increase between 2024 and 2028 by in total 7.9 million users (+25.41 percent). After the sixth consecutive increasing year, the indicator is estimated to reach 38.98 million users and therefore a new peak in 2028. Notably, the number of users of the 'Neobanking' segment of the fintech market was continuously increasing over the past years.

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Number of users of neobanking in Russia from 2019 to 2028 (in millions)

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Release date

January 2024

Region

Russia

Survey time period

2019 to 2028

Supplementary notes

Data provided by Statista Market Insights are estimates.

Definition:

A neobank is a type of challenger bank that operates solely digitally. Neobanks are newly established banks that do not belong to large conventional banks. They do not have any physical branches and can provide their services both via mobile or desktop devices. They require their clients to go through a digital onboarding process, most frequently via smartphone. Neobanks can be of two types: those which have a banking license and those that do not.

Additional Information:

The most popular neobanks include Revolut, Chime, Nubank, N26, and Monzo.

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