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South Africa Fintech Neobanking Market Size | 2019-2032

South Africa Fintech Neobanking Market Size and Forecast by Services, End Users, Industry, Transaction Types, and Revenue Model: 2019-2032

Report Format:     | Pages: 110+
Type: Niche Industry Monitor | ID: FIN44506  | Publication: Nov 2024  |  US$745  |  

South Africa Fintech Neobanking Market Growth and Performance

  • The South Africa fintech neobanking market is poised to achieve US$ 46.62 Billion in revenue by 2032, driven by an anticipated Compound Annual Growth Rate (CAGR) of 17.2% from 2024 to 2032.
  • Industry analysts predict that in South Africa, the primary segment by services, is set to be deposit accounts, boasting a market value of US$ 25.20 Billion by 2032.
  • When considering end users, it's projected that 21.0% of the total market size in the fintech neobanking market in South Africa will be attributed to IT and Telecom end user by 2032.
  • Industry specialists anticipate that throughout the forecast period, the healthcare sector will undergo the most rapid expansion in terms of revenue generation, with a 20.2% CAGR.

South Africa Fintech Neobanking Market Scope

Analysis Period

2019-2032

Actual Data

2019-2023

Base Year

2023

Estimated Year

2024

CAGR Period

2024-2032
 

Research Scope

Services

Deposit Accounts

Investment and Wealth Management

Insurance Services

End Users

Individual Consumers

SMEs

Medium-sized Enterprises

Large Enterprises

Industry

IT and Telecom

Media and Entertainment

Energy and Power

Transportation and Logistics

Healthcare

BFSI

Retail

Manufacturing

Public Sector

Other

Transaction Types

Business-to-Consumer (B2C)

Business-to-Business (B2B)

Consumer-to-Consumer (C2C)

Consumer-to-Business (C2B)

Revenue Model

Freemium Model

Interest Income

 

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