Global Neo and Challenger Bank Market: High Rate of Interest Than Traditional Banks Noticed by Variant Market Research
According to the latest report published by Variant Market Research, the global neo and challenger bank market size is projected to reach $356 Million by 2025 from $17million in 2017, In this report, neo and challenger bank market forecast says that the global market is growing at 45.8% CAGR from 2017 to 2025.
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Better customer convenience to drive the global market
The global neo and challenger bank market trend includes high rate of interest than traditional banks, better customer convenience, and positive banking rules to grant licenses & approvals. Though, profitability may hinder the neo and challenger bank market growth. Moreover, mounting internet penetration as well as increasing demand for smartphones in the under-developed countries would provide an opportunity for players of market.