The Neobanking Landscape: Indian Vis-A-Vis Global

Authors

  • Sandip Sinha Associate Professor in Commerce, Budge Budge College, Kolkata

Keywords:

No Keywords.

Abstract

This article is a comparative analysis of neobanking in India alongside five countries: USA, UK, Brazil, Nigeria, and Australia. It examines the emergence, regulatory environment, technological trends, challenges, and future growth potential of neobanks, highlighting how these markets are shaping the global digital banking landscape.

Downloads

Download data is not yet available.

Downloads

Published

2025-02-23

How to Cite

Sinha, S. (2025). The Neobanking Landscape: Indian Vis-A-Vis Global. The Management Accountant Journal, 60(1), 44–48. Retrieved from https://icmai-rnj.in/index.php/maj/article/view/173807

Issue

Volume 60, Issue 1, January 2025

Section

Cover Story

References

Banco Central do Brasil. (2019). Policies supporting financial innovation in Brazil. Retrieved from https://www.bcb.gov.br.

Blakely, S. (2010). How Simple redefined banking. Financial Times. Retrieved from https://www.ft.com.

Crosman, P. (2021, January 11). What banks, fintechs can learn from Simple’s rise and sudden death. American Banker. Retrieved from https://www.americanbanker.com.

Da Silva, M. (2013). Nubank and the revolution of digital finance in Brazil. RevistaBrasileira de Economia, 30(4), 123-138.

European Union. (2018). Payment Services Directive 2 and its impact on the financial industry. Official Journal of the European Union. Retrieved from https://www.eur-lex.europa.eu.

Financial Conduct Authority. (2015). The rise of digital banks like Monzo and Revolut: Regulation and growth. Retrieved from https://www.fca.org.uk.

Fintechly. (2024). The Rise of Neobanks: Disrupting the Traditional Banking Sector with Fintech Innovation. Retrieved from https://fintechly.com/banking/the-rise-of-neobanks-disrupting-the-traditional-banking-sector-with-fintech-innovation/.

FMD Financial. (2024). The rise of Australian neobanks. Retrieved from https://www.fmd.com.au/insights/the-rise-of-australian-neobanks/.

National Payments Corporation of India. (2019). The impact of UPI on neobanking growth. Retrieved from https://www.npci.org.in.

Reserve Bank of India. (2015). Financial inclusion and the rise of neobanks in India. Retrieved from https://www.rbi.org.in.

Reserve Bank of India. (2020). Guidelines on Regulation of Payment Aggregators and Payment Gateways. Available at https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11822&Mode=0.

Statista (2024). Neobanking - United States https://www.statista.com/outlook/dmo/fintech/neobanking/united-states

Statista (2024). Neobanking - United Kingdom https://www.statista.com/outlook/dmo/fintech/neobanking/united-kingdom

Statista (2024). Neobanking - Brazil https://www.statista.com/outlook/dmo/fintech/neobanking/brazil

Statista (2024). Neobanking - Nigeria https://www.statista.com/outlook/dmo/fintech/neobanking/nigeria

Statista (2024). Neobanking - Australia https://www.statista.com/outlook/dmo/fintech/neobanking/australia

Statista (2024). Neobanking - India https://www.statista.com/outlook/dmo/fintech/neobanking/india

Stobdan, J., & Kumar, S. (2023). NeoBanks: Future Prospects, Challenges and Strategies.

TechnoIdentity. (2023). Exploring the rise of Neobanks and digital banking revolution. Available at https://www.technoidentity.com/insights/leadership-insights-exploring-the-rise-of-neobanks-and-digital-banking-revolution/.

Traderoot Africa. (2024). Growth of neobanks in Africa. Retrieved from https://traderootafrica.com/growth-of-neobanks-in-africa/.

Wired. (2023). The Rise of Neobanks: Disrupting Traditional Banking. Available at https://industrywired.com/the-rise-of-neobanks-disrupting-traditional-banking/.