Number of users in the neobanking segment of the fintech market Indonesia 2018-2028

The number of users in the 'Neobanking' segment of the fintech market in Indonesia was forecast to continuously increase between 2024 and 2028 by in total 2.9 million users (+28.13 percent). After the tenth consecutive increasing year, the indicator is estimated to reach 13.3 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 in the neobanking segment of the fintech market Indonesia from 2018 to 2028 (in thousand individuals)

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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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