The Australia neobanking market size was valued at USD 27.41 Billion in 2025. The market is further projected to grow at a CAGR of 7.90% between 2026 and 2035, reaching a value of USD 58.63 Billion by 2035.
Base Year
Historical Period
Forecast Period
Neobanks continue to grow globally due to increased adoption of digital banking solutions, including mobile banking and online account opening.
The number of users in the neobanking market is expected to amount to 1.73 million users by 2028.
Key players in the market are Judo Bank Pty Ltd., National Australia Bank Limited, Alex IP Pty Ltd., and Tyro Payments Limited.
Compound Annual Growth Rate
7.9%
Value in USD Billion
2026-2035
*this image is indicative*
The growth of the neobanking market is primarily driven by several key factors. Firstly, rising investments in fintech in Australia have significantly contributed to the market's expansion, with the country experiencing a steady comeback in fintech investment, exceeding USD 1.5 billion in 2021. Additionally, the growing penetration of smartphones and increasing digitalisation has boosted the Australia neobanking market growth, with consumers transitioning towards cashless transactions and digital payment systems.
Moreover, the adoption of innovative digital payment mechanisms like e-wallets and mobile payments, alongside the encouragement of non-contact payment methods during the pandemic, have reshaped the payment landscape and influenced the market positively.
The emphasis on mobile banking and payments has been a prominent factor in increasing the Australia neobanking market share. With the increasing integration of mobile payment solutions within social media platforms and the rise of mobile point-of-sale payments for transaction, neobanks are catering to the evolving preferences of tech-savvy consumers, driving market growth. For instance, in the neobanking market, the average transaction value per user amounts to USD 28.13 thousand as of 2024.
Neobanks in Australia offer innovative checking and savings account services, providing customers with convenient and user-friendly digital banking solutions that cater to their everyday banking needs. Neobanks in Australia also offer loan products with streamlined processes, competitive rates, and digital accessibility, providing customers with efficient and transparent lending solutions that meet their financial needs. Neobanks in Australia provide advanced payment and money transfer services, enabling customers to make secure and fast transactions, both domestically and internationally, through digital channels, enhancing the overall banking experience for users.
"Australia Neobanking Market Report and Forecast 2026-2035" offers a detailed analysis of the market based on the following segments:
Market Breakup by Account Type
Market Breakup by Service Type
Market Breakup by Application
Market Breakup by Region
Market players are offering user-friendly interfaces, personalised financial solutions, and leveraging artificial intelligence and blockchain to revolutionise the banking sector in Australia.
Upto 15% Off
USD
$3999 $3599
$2499 $2249
$4999 $4249
$5999 $5099
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
In 2025, the market reached an approximate value of USD 27.41 Billion.
The neobanking market in Australia is expected to grow at a CAGR of 7.90% between 2026 and 2035.
The neobanking market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach USD 58.63 Billion by 2035.
The market is being driven due to the rise of digital banking solutions, demand for no-contact payments, and growth in mobile banking usage.
Key trends include the increasing focus on ersonalized customer services and the integration of advanced technologies like AI and blockchain to enhance services.
Regions considered in the market are New South Wales, Victoria, Queensland, Western Australia, and Australian Capital Territory, among others.
Based on account type, the market segmentations include saving account and business account.
Checking/savings account, mobile banking, loans, payments and money transfer services are considered in the report.
Key players in the market are Judo Bank Pty Ltd., AMP Limited, National Australia Bank Limited, Alex IP Pty Ltd., Tyro Payments Limited, Macquarie Group Limited, Bank of Queensland Limited, and Wise Australia Pty Ltd, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Account Type |
|
| Breakup by Service Type |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
Single User License
One User
USD 3,999
USD 3,599
tax inclusive*
Datasheet
One User
USD 2,499
USD 2,249
tax inclusive*
Five User License
Five User
USD 4,999
USD 4,249
tax inclusive*
Corporate License
Unlimited Users
USD 5,999
USD 5,099
tax inclusive*
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Flash Bundle
Small Business Bundle
Growth Bundle
Enterprise Bundle
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Flash Bundle
Number of Reports: 3
20%
tax inclusive*
Small Business Bundle
Number of Reports: 5
25%
tax inclusive*
Growth Bundle
Number of Reports: 8
30%
tax inclusive*
Enterprise Bundle
Number of Reports: 10
35%
tax inclusive*
How To Order
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Share