Society management

Rapid urbanization, adoption of cashless society,

Due to increasing digital penetration and urbanization, neo-banks will be preferred over traditional banks in the next five years.
Traditional banks will face a threat to the neo-banking industry in the future due to the growing adoption of digital and cashless systems.

Rapid urbanization: Rising incomes of people along with rising standard of living in urban areas will propel the use of new mainstream banking products and services, leading to increased demand for modern products in particular. The movement of the new generation and working women to urban areas will drive demand in recent years.

Fin-tech adoption: The COVID pandemic has led to the highest rate of fin-tech adoption in the country with BFSI’s ever-increasing transformation at a rapid pace towards fin-tech products and services that bode well for the industry. neo-banking industry and its future. Banks and merchants seek to collaborate with Neo Banking platforms to increase their market share and presence in the industry. The range of services offered by Neo Banks is not available with traditional banks, thus poised for massive growth in the future.

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Increased Support: The government’s introduction of United Payment Interface, allowing payment to multiple bank accounts from a single app, has given the digital banking industry a huge boost. There is a high adoption of the online payment service in the country, with increasing penetration in the digital banking space in the future. Neo Banks will serve as a major arm towards the growth of digitalization in the country with unique savings and investment features with the aim of financial inclusion towards different sections of society including but not limited to , Women, Teens, Gig Economy, Small Entities, and more.

The publication titled “Indian Neo Banking Industry Outlook to 2027: Driven by adoption of Driven by adoption of contactless payment, Shifting Consumer Preferences into Fin-Tech, Rising Market Players and digitalization” provides a comprehensive analysis of the neo-banking industry in India . The report covers various aspects including Neo Banking industry market size on the basis of revenue, market overview, market genesis, Neo Banking industry cycle, service/product overview Neo Banking, Indian Neo Banking Industry Entity Ecosystem, Consumer Spending. and Borrowing Trends, Neo Banking Value Chain Analysis, Growth Drivers, Government Role and Challenges, Major Trends and Developments, SWOT Analysis, Porter Analysis, Industry Investment Analysis and Segmentation, Timeline of Neo Banking industry growth, risk involved and COVID impact on the industry. Total addressable market, usable addressable market, and usable obtainable market have been covered in the report. Insights into the competitive landscape of the Neo Banking industry, including the company profile of major Neo Banking players operating in the ecosystem, has been covered. In addition, the report also focuses on the segmentation of the Indian Neo Banking market by type of users, by region, by type of application, by age group of users. The report concludes with projections for the future of the industry, including expected industry size by revenue by 2027, and analysts’ view of the future highlighting key opportunities. .

Key Segments Covered in Indian New Banking Industry:-

Indian neo-banking market

By account type



By operating region





By type of request




By age of users

Under 20

Between 20 and 40

Over 40

Overview of the Indian neo-banking industry

Cross-comparison of players in the Indian neo-banking industry

Analysis of the value chain of neo-banks

Analysis of investments in Neo Banking companies

Analysis of the neo-banking industry

Key target audience

Neo-banking players

Credit-Based Neo-Banks

Payment Gateway Banks

Banking institutions Payment system operators

Banks associated or affiliated with Neo Banks

Regulatory bodies for neo-banking players


Various cardholder providers

New entrants into the neo-banking space

Potential users of Neo Banking

Time period entered in the report: –

Historical period: fiscal 2017-fiscal 2021

Forecast period: FY’2022-FY’2027F

Actors / ecosystem of the Indian neo-banking sector

Neo Banks

Instant payment



EscrowPay Neobank


Financing available


Money fi



Map of Karbo





Mahila’s Money

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Payment gateways

Money PayU

CC Avenue






Main topics covered in the report:-

Overview and genesis of the Indian neo-banking market

India’s neo-banking industry cycle

Presentation of Neo Banking services/products

Trends in consumer spending and borrowing

India Sociodemographic Prospects

Overview of the neo-banking industry in India

Ecosystem of entities in the Indian neo-banking sector

Neo Banking Value Chain Analysis

Sizing of the neo-banking market in India based on revenue and number of players in the neo-banking sector

Segmentation of the Indian Neo Banking Market (by type of accounts, by region of operation, by type of application and by age group of users).

Cross-comparison of the main players in the neo-banking sector

Trends and developments

Drivers of growth in the Indian neo-banking sector

Issues and challenges of the Indian neo-banking sector

Role of government and regulation in the Indian neo-banking sector

Risk involved and impact of COVID in business operations

Porter’s Five Forces Analysis of the Indian New Banking Industry

SWOT analysis of the Indian neo-banking industry

Investment analysis of the Indian neo-banking industry

Timeline of Indian neo-bank investments

Investment Segmentation Basis of Investment Type, Investor Type

Increase in the number of Neo Banking start-ups

Future prospects and market size projection

Future prospects and projection of market segmentation

Calculation of the addressable market

Growth of digital loans

Company profile of Neo Banks key 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)

The industry speaks

Research Methodology

For more information on the research report, refer to the link below:-

Related reports: –

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Ken Research
Ankur Gupta, Marketing and Communications Manager

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