Middle East & Africa Neobanking Market Size & Outlook

The neobanking market in Middle East & Africa is expected to reach a projected revenue of US$ 178,450.0 million by 2030. A compound annual growth rate of 54.4% is expected of Middle East & Africa neobanking market from 2023 to 2030.
Revenue, 2022 (US$M)
$5,520.0
Forecast, 2030 (US$M)
$178,450.0
CAGR, 2023 - 2030
54.4%
Report Coverage
Middle East & Africa

MEA neobanking market highlights

  • The MEA neobanking market generated a revenue of USD 5,520.0 million in 2022.
  • The market is expected to grow at a CAGR of 54.4% from 2023 to 2030.
  • In terms of segment, business account was the largest revenue generating account type in 2022.
  • Savings Account is the most lucrative account type segment registering the fastest growth during the forecast period.

MEA data book summary

Market revenue in 2022USD 5,520.0 million
Market revenue in 2030USD 178,450.0 million
Growth rate54.4% (CAGR from 2022 to 2030)
Largest segmentBusiness account
Fastest growing segmentSavings Account
Historical data covered2018 - 2021
Base year for estimation2022
Forecast period covered2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationBusiness Account, Savings Account
Key market players worldwideBanco Bilbao Vizcaya Argentaria SA ADR, National Australia Bank Ltd, Atom Bank, Fidor Bank, Monzo, Moven, MyBank, N26, Revolut, WeBank

Other key industry trends

  • In terms of revenue, MEA region accounted for 8.3% of the global neobanking market in 2022.
  • Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 526,350.0 million by 2030.

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Neobanking Market Companies

Name Profile # Employees HQ Website

Middle East & Africa neobanking market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to neobanking market will help companies and investors design strategic landscapes.


Business account was the largest segment with a revenue share of 65.76% in 2022. Horizon Databook has segmented the Middle East & Africa neobanking market based on business account, savings account covering the revenue growth of each sub-segment from 2018 to 2030.


  • Middle East & Africa Neobanking Account Type Outlook (Revenue, USD Million, 2018-2030)
    • Business Account
    • Savings Account
  • Middle East & Africa Neobanking Application Outlook (Revenue, USD Million, 2018-2030)
    • Enterprises
    • Personal
    • Others

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Target buyers of Middle East & Africa neobanking market databook

  • Our clientele includes a mix of neobanking market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa neobanking market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa neobanking market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Middle East & Africa Neobanking Market Outlook Share, 2022 & 2030 (US$M)

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