Indian Neo Banking Industry Segmentation, 2022
By Application of Users
Neo Banking market in India can be segmented based on Purpose of Usage: Personal, Enterprise and Others where personal application users accounted for the highest market share of XX% as compared to the enterprise users and other users in the year 2021. Attributed to the fact that after Covid-19, there is an increase in online shopping rather than going to the stores, which in turn increased the Neo Banking usage.
By operation on Region
Neo Banking market in India can also be segmented on the basis of Region: North, West, East and South, where the regions are fairly distributed with West and South regions as the highest contributors at XX% of share, and Eastern region as the lowest share.
By Type of Account
Neo Banking market in India can be segmented on the basis of Type of Account: Saving Neo Banking Account and Current Neo Banking Account where Saving Neo Banking are dominating the Indian Neo Banking industry with market share of XX% when compared to the Current Neo Banking on the basis of revenue contribution in 2021.
By Age Group of Users
Neo Banking market in India can also be segmented on the basis of Age Group of Users: <20, 20-40, >40. Age Group between 20 and 40 captures the major market share of XX% in 2021 on the basis of revenue contribution due to high internet and technology penetration among the Gen Y segment of the population.
Competitor Analysis of Neo Banking Players
Neo Banking industry is fragmented with multiple players and comparison has been done on qualitative and quantitative aspects among the major players in the Industry such as Revenue, Expenses, Users, Investments and more.
Company Profiling of Major Players
Company profile of major players mentioning the key players, incorporation time, financial information FY’17-21, Strength, Strategies, Recent development has been mentioned in the report for majority of the Neo Bank in the country.
Future Outlook and Projection
Indian Neo banking industry is expected to expand with a CAGR of XX% in between FY’22 and FY’27 on the basis of revenue generated. It is anticipated that Neo Banking industry will grow owing to factors such as increasing internet penetration and better product offerings in a competitive landscape in the coming years. India has been culturally conservative towards online banking and it is always believe in physical contact with the official. But new-age start-ups are very focused on changing this mentality by creating awareness about how Neo Bankings can be used for normal banking activities. Many new Neo Banks will be entering the Indian Neo Banking space by offering services to individuals and corporates. All Neo banks in this space are trying to attract customers through their digital offerings and will witness significant growth in new customers in the coming years. Banks and Card providers like VISA, Mastecard are also exploring partnerships with Neo Banking players to acquire new customers to their platforms. Traditional players need to take a cue from these players to enhance their offerings in the coming future. Teenagers are the untapped banking customer segment with no major offerings by the traditional players which has been overcome by Neo Banks such as FamPay, Akudo and more.
Key Segments Covered in Indian Neo banking Industry:-
Indian Neo banking Market
By Type of Accounts
Saving
Business
By Region of Operation
North
West
South
East
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By Type of Application
Personal
Enterprise
Other
By Age of Users
Less than 20
Between 20-40
More than 40
Overview of India Neo banking Industry
Cross Comparison of Indian Neo banking Industry Players
Value Chain Analysis of Neo Banks
Investment Analysis in Neo Banking companies
Neo Banking Industry Analysis
Key Target Audience
Neo Banking Players
Credit Based Neo Banks
Payment Gateway Banks
Banking Institutions Payment System Operators
Associated or affiliated Banks with Neo Banks
Regulatory Bodies for Neo banking Players
FinTechs
Various Card holder providers
New Entrants in Neo banking Space
Potential Neo banking Users
Time Period Captured in the Report:-
Historical Period: FY’2017-FY’2021
Forecast Period: FY’2022-FY’2027F
Indian Neo banking Industry Players/Ecosystem
Neo Banks
InstantPay
NiYO
Freo
EscrowPay Neobank
Open
Avail Finance
RazorPayX
Fi Money
Jupiter
FamPay
Karbon Card
OneBanc
FloBiz
ZikZuk
Akudo
Mahila Money
Payment Gateways
PayU Money
CC Avenue
Paytm
Paypal
Instamojo
EBS
Cashfree
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Key Topics Covered in the Report:-
Overview and Genesis of Indian Neo Banking Market
India Neo Banking Industry Cycle
Overview of Neo Banking Services/ Products
Consumption Expenditure and Borrowing Trends
Socio-Demographic Outlook of India
India Neo Banking Industry Introduction
Ecosystem of Entities in the Indian Neo Banking Industry
Value Chain Analysis of Neo Banking
India Neo Banking Market Sizing on the basis of Revenue and Number of players in the Neo Banking Industry
India Neo Banking Market Segmentation (By Type of Accounts, By Region of Operation, By Type Application and By Age Group of Users).
Cross Comparison of Major Players in Neo Banking Industry
Trends and Developments
Growth Drivers of the Indian Neo Banking Industry
Issues and Challenges in the Indian Neo-Banking Industry
Role of Government and Regulations in the Indian Neo-Banking Industry
Risk Involved and COVID Impact in Business Operations
Porter’s five forces Analysis of the Indian Neo-Banking Industry
SWOT Analysis of the Indian Neo-Banking Industry
Investment Analysis of the Indian Neo Banking Industry
Investment Timeline of the Indian Neo Banking Industry
Investment Segmentation basis of type of Investment, Type of Investor
Increase in number of Neo Banking start-ups
Future Outlook and Projection for Market Sizing
Future Outlook and Projection for Market Segmentation
Computation of Addressable Market
Growth of Digital Lending
Company profile of major Neo Banks’s 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)
Industry Speaks
Research Methodology
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