Number of neobanking users in Russia 2017-2026
The user count of the neobanking industry in Russia is forecast to increase by nearly 16.8 million users between 2021 and 2026. After ninth consecutive increasing years, the user count is estimated to reach 34.29 million users and therefore a new peak in 2026.
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.
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.
