The number of users in the 'Neobanking' segment of the fintech market in Brazil was forecast to continuously increase between 2024 and 2028 by in total 17.7 million users (+30.03 percent). After the tenth consecutive increasing year, the indicator is estimated to reach 76.6 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.
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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Statista Market Insights. (January 22, 2024). Number of users in the neobanking segment of the fintech market Brazil from 2018 to 2028 (in million individuals) [Graph]. In Statista. Retrieved November 05, 2024, from https://www.statista.com/forecasts/1437469/number-of-users-neobanking-fintech-market-brazil
Statista Market Insights. "Number of users in the neobanking segment of the fintech market Brazil from 2018 to 2028 (in million individuals)." Chart. January 22, 2024. Statista. Accessed November 05, 2024. https://www.statista.com/forecasts/1437469/number-of-users-neobanking-fintech-market-brazil
Statista Market Insights. (2024). Number of users in the neobanking segment of the fintech market Brazil from 2018 to 2028 (in million individuals). Statista. Statista Inc.. Accessed: November 05, 2024. https://www.statista.com/forecasts/1437469/number-of-users-neobanking-fintech-market-brazil
Statista Market Insights. "Number of Users in The Neobanking Segment of The Fintech Market Brazil from 2018 to 2028 (in Million Individuals)." Statista, Statista Inc., 22 Jan 2024, https://www.statista.com/forecasts/1437469/number-of-users-neobanking-fintech-market-brazil
Statista Market Insights, Number of users in the neobanking segment of the fintech market Brazil from 2018 to 2028 (in million individuals) Statista, https://www.statista.com/forecasts/1437469/number-of-users-neobanking-fintech-market-brazil (last visited November 05, 2024)
Number of users in the neobanking segment of the fintech market Brazil from 2018 to 2028 (in million individuals) [Graph], Statista Market Insights, January 22, 2024. [Online]. Available: https://www.statista.com/forecasts/1437469/number-of-users-neobanking-fintech-market-brazil
