France Neobanking Market Insights Forecasts to 2033

• The Market is growing at a CAGR of 13.79% from 2023 to 2033
• The France Neobanking Market Size is Expected to Hold a Significant Share by 2033

The France Neobanking Market is Anticipated to Hold a Significant Share by 2033, growing at a CAGR of XX% from 2023 to 2033.

Market Overview

A fintech company that offers banking services through a mobile app or website is known as a neobank. Banking choices may consist of transferring funds electronically, paying bills, and receiving direct deposit or mobile check deposits. Some fintech companies also provide tools that assist in budgeting and saving. Neobanks are banking platforms that are solely online and do not have a physical location. They improve the traditional banking experience by incorporating a smooth online process, utilizing technology for easy account setup (business account and savings), and offering convenient access to different services without requiring physical locations. Neobanks make it easier to deposit and withdraw money, offer debit cards, opportunities to invest, and access credit and lending options. Nevertheless, the majority of neobanks do not possess their own banking license and frequently partner with licensed banks in order to provide financial services. The increasing desire for digitization in banking, digital banking services, higher investments in fintech, more regulatory backing, and favorable digital infrastructure are driving the market. The rise in digitalization of banking operations and the growing need for digital banking solutions are driving the growth of the worldwide neobanking sector. Furthermore, the rising utilization of mobile banking is boosting the growth of the market.

Report Coverage

This research report categorizes the market for the France neobanking market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the France neobanking market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the France neobanking market.

Driving Factors

Neobanks have significant growth potential due to their cost-efficient model that allows consumers to access services like maintaining balances, deposits, and withdrawals without incurring monthly fees. They offer services like managing credit, transactions, and assets. Furthermore, small and micro businesses are attracted to features like easy account creation, smooth transactions, and creative methods for assessing creditworthiness. Embracing new technologies and an increase in consumerism also help boost their success, attracting the attention of venture capitalists, investors, and corporations. Market growth is being propelled by factors like quicker loan approval, funding advancements, and reduced interest rates via banking apps. Moreover, the banking industry landscape has been altered by the growing use of digital technologies like cloud computing, big data, and artificial intelligence.

Restraining Factors

Obstacles and dangers like cybercrimes and hacking hinder the expansion of the market, affecting industries such as banking and other online businesses.

Market Segmentation

The France neobanking market share is classified into account type and service.

• The business segment is expected to hold the largest market share through the forecast period.   

The France neobanking market is segmented by account type into personal and business. Among them, the business segment is expected to hold the largest market share through the forecast period. The business account sector has the largest market share due to the growing need for efficient financial services by companies. Neobanks address specific business requirements like monitoring expenses, generating invoices, and connecting with various business software, which are crucial for effective financial planning.

• The savings & checking accounts segment is expected to hold the largest market share through the forecast period.

The France neobanking market is segmented by service into savings & checking accounts, payments & money transfers, mobile banking, loans/insurance/investments, and others. Among them, the savings & checking accounts segment is expected to hold the largest market share through the forecast period. Neobanks frequently focus on setting up and overseeing savings/checking accounts as they are crucial for customers, laying the groundwork for money management, transactions, and interest generation.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the France neobanking market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Payoneer
• Qonto
• Pleo
• Soldo
• Bunq
• VIALET
• Curve
• Wise
• Revolut
• Pixpay
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In May 2023, according to EU startup France neobank Green-Got secures €5 million to drive the advancement of eco-friendly banking.

Market Segment

This study forecasts revenue at France, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the France Neobanking Market based on the below-mentioned segments:

France Neobanking Market, By Account Type

• Personal
• Business

France Neobanking Market, By Service

• Savings & Checking Accounts
• Payments & Money Transfers
• Mobile Banking
• Loans/Insurance/Investments
• Others