In 2023, the transaction value of neobanking in China grew by over 43 percent compared to the previous year, exceeding 23 billion U.S. dollars. Neobanking is still a relatively new phenomenon in China. However, in an industry that is dominated by large and state-owned institutions, innovative business models can use their competitive advantages to carve out market shares from the big players.
Annual transaction value growth of neobanking in China from 2017 to 2023, with forecasts until 2028
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Statista. (March 1, 2024). Annual transaction value growth of neobanking in China from 2017 to 2023, with forecasts until 2028 [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/forecasts/1498480/china-neobanking-transaction-value-growth
Statista. "Annual transaction value growth of neobanking in China from 2017 to 2023, with forecasts until 2028." Chart. March 1, 2024. Statista. Accessed December 23, 2024. https://www.statista.com/forecasts/1498480/china-neobanking-transaction-value-growth
Statista. (2024). Annual transaction value growth of neobanking in China from 2017 to 2023, with forecasts until 2028. Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/forecasts/1498480/china-neobanking-transaction-value-growth
Statista. "Annual Transaction Value Growth of Neobanking in China from 2017 to 2023, with Forecasts until 2028." Statista, Statista Inc., 1 Mar 2024, https://www.statista.com/forecasts/1498480/china-neobanking-transaction-value-growth
Statista, Annual transaction value growth of neobanking in China from 2017 to 2023, with forecasts until 2028 Statista, https://www.statista.com/forecasts/1498480/china-neobanking-transaction-value-growth (last visited December 23, 2024)
Annual transaction value growth of neobanking in China from 2017 to 2023, with forecasts until 2028 [Graph], Statista, March 1, 2024. [Online]. Available: https://www.statista.com/forecasts/1498480/china-neobanking-transaction-value-growth
