Number of neobanking users in Russia 2017-2025

Published by Statista Research Department, Aug 19, 2021
In 2020 the average neobanking transaction value per user continued to increased to over 15 thousand U.S. dollars. The number of users of neobanking also increased significantly from around 6 million in 2019 to over 10.6 million in 2020. The Statista Digital Market Outlook estimates that user numbers will continue to grow and reach around 44 million by 2025.

Annual number of neobanking users in Russia between 2017 and 2025 (in millions)

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Sources

Supplementary notes

Data provided by Statista Market Outlook are estimates
A neobank is a type of challenger bank that operates solely digitally. Neobanks are newly established banks that do not belong to large conventional banks. They do not have any physical branches and can provide their services both via mobile or desktop devices. They require their clients to go through a digital onboarding process, most frequently via smartphone. Neobanks can be of two types: those which have a banking license and those that do not.

The most popular neobanks include Revolut, Chime, Nubank, N26, and Monzo.

All figures are estimate. A detailed methodology can be found in the Statista Market Outlook.

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