Api Integration Is Driving The Global Digital Banking Market, Are Expected To Drive Market Expansion In The Near Future At A CAGR Of 11.8% During The Forecast Period 2025 To 2035

Market Research Future (MRFR) has published a cooked research report on the “Global Digital Banking Market” that contains information from 2019 to 2035.

The Global DIGITAL BANKING Market is estimated to register a CAGR of 11.8% during the forecast period of 2024 to 2035.

MRFR recognizes the following companies as the key players in the Global Digital Banking Market— include ALKAMI Technology, Inc, BACKBASE, EDGEVERVE Systems Limited, NCINO, Oracle, Q2 Software, Inc, Temenos, FNZ Group, CREALOGIX Ag, Fiserv, Inc, Jack Henry and Associates, Inc, Fidelity National Information Services, Inc, Candescent, Finastra, Sopra, And Among Others.

Digital Banking Market Highlights

The Global Digital Banking Market is estimated to register a CAGR of 11.8% during the forecast period and is estimated to reach USD 40.59 Billion by 2035.

One of the most significant drivers of digital banking growth is the rapid increase in smartphone and internet penetration worldwide. There were approximately 6 billion Smartphone owners in 2024. With the vast array of functions and applications offered by digital baking enhanced by automated tasks and “on click” functionality, the Digital Banking Market has many “mobile-first” consumers. Mobile-first consumers in digital banking are those who prioritize using mobile apps and devices for all their banking needs. They prefer convenience, speed, and the ability to manage their finances on the go. 

This means they often use mobile banking apps to check balances, transfer funds, pay bills, and even open new accounts. In response to this shift, banks and fintech companies have prioritized mobile-first strategies. For example, Digital banks like Nubank in Brazil and Revolut in the UK and almost all banks worldwide offer full-service banking through mobile apps, attracting millions of users by providing fast, user-friendly, and branchless experiences. Modern banking apps provide a wide range of services beyond basic account access, including mobile fund transfers, bill payments, loan applications, digital wallets, savings goals, and investment tracking—all from a single interface. These apps often feature intuitive design, biometric login for security, and real-time notifications to keep users informed about transactions and account activity.

A key driver of app-based banking growth is the seamless digital onboarding process, which allows users to open an account remotely in minutes using mobile ID verification and e-signatures. These apps also integrate with other lifestyle services such as e-commerce platforms, ride-hailing, and food delivery, enabling users to make payments or manage rewards without switching between multiple applications. For instance, Amazon and Barclays have launched the Amazon Barclaycard in the UK, offering customers rewards on everyday spending and Amazon purchases. 

The card provides 1% back on Amazon purchases and up to 2% on select shopping days for Amazon Prime members. The convenience, speed, and user control offered by app-based banking have reshaped customer expectations. Users now demand round-the-clock access, instant transactions, and customization features. This ongoing innovation continues to accelerate the shift from traditional branch-based banking to a mobile-first approach.

Segment Analysis

The Global Digital Banking Market has been segmented based on By Banking Type, By Solution, By Operating Type, By Deployment Model , By Organization Size.

Based on Banking Type, the global Digital Banking Market have been segmented into Retail Banking, Corporate Banking, Investment Banking and Ethical/Socially Responsible Banking. The Retail Banking  segment dominated the global market in 2024, while the Investment Banking is projected to be the fastest–growing segment during the forecast period.

Digital retail banking refers to providing all retail banking services such as account opening (checking, savings and deposits); funds transfers; and loans and bank cards, among others—all in a branchless, online only method. Digital retail banking takes convenience, experience and access to a completely new level by providing integrated account services in an easy to navigate, self-serve manner. retail banking include faster customer acquisition; enhanced customer experience (and hence customer loyalty); faster development and rollout of new and innovative products and services; reduced cost of operations; and less dependence on high cost fixed assets.

Based on solution, the global Digital Banking Market have been segmented into Online Banking Platforms, Mobile Banking App, Digital Wallets, Peer-to-Peer (P2P) Payment Apps, Contactless Payments and Others. The Online Banking Platforms segment dominated the global market in 2024, while the Mobile Banking App is projected to be the fastest–growing segment during the forecast period.

Online banking platforms are digital systems that allow users to access and manage their bank accounts and conduct transactions over the internet. They provide a convenient way for individuals and businesses to manage their finances without needing to visit a physical branch. Online banking platforms are digital services offered by banks and financial institutions that allow customers to manage their finances and conduct banking transactions over the internet. These platforms provide access to various features, including checking account balances, transferring funds, paying bills, and accessing account statements, all from a computer or mobile device.

Based on Operating Type, the global Digital Banking Market have been segmented into International Banking and Domestic Banking. The Domestic Banking segment dominated the global market in 2024, while the Domestic Banking is projected to be the fastest–growing segment during the forecast period.

Domestic banking refers to banking services and activities conducted within a country's borders, focusing on transactions and financial activities within the local economy. It involves financial institutions, like banks, operating and providing services to individuals and businesses within the country.

Based on Deployment Model, the market is segmented into Cloud and On-premises. The Cloud Based     segment dominated the global market in 2024, while the Cloud Based   is projected to be the fastest–growing segment during the forecast period

Cloud Deployment mode plays a transformative role in digital banking by offering scalable, secure, and cost-effective infrastructure that enables financial institutions to innovate rapidly and meet evolving customer expectations. With cloud-based platforms, banks can reduce their dependency on traditional, rigid core systems and instead adopt flexible, modular architectures. This shift allows for faster deployment of digital services like mobile banking apps, real-time payments, digital lending, and personalized customer experiences. Cloud also enhances operational efficiency through automation, AI integration, and real-time data analytics, enabling banks to make smarter decisions and improve risk management.

Based on Organization Size, the global Digital Banking Market have been segmented into SMEs and Large Enterprises. The Large Enterprises segment dominated the global market in 2024, while the SMEs  is projected to be the fastest–growing segment during the forecast period.

Large enterprises are increasingly adopting digital banking solutions to streamline operations, enhance cash flow visibility, and improve financial decision-making across global business units. Unlike retail users or SMEs, large corporations require robust, scalable digital banking platforms that can handle complex needs such as multi-currency treasury management, automated payments, real-time liquidity monitoring, regulatory compliance, and fraud prevention. Modern digital banking services tailored for large enterprises include API-based banking integration, which connects enterprise resource planning (ERP) systems directly with banks to automate transactions and reconciliation in real time. For instance, Citibank’s Treasury and Trade Solutions (TTS) offers a digital banking suite for large corporates, enabling real-time cash positioning, FX hedging, and automated supply chain financing through a unified portal.

Regional Analysis

Based on Region, the Global Digital Banking is segmented into North America, Europe, Asia-Pacific, South America, Middle East & Africa. The North America dominated the global market in 2024, while the Asia-Pacific is projected to be the fastest–growing Region during the forecast period.

Digital banking in North America has seen rapid growth over the past decade, driven by increasing smartphone penetration, demand for convenience, and evolving consumer expectations. As of 2024, over 75% of adults in the U.S. use digital banking channels at least once a month, with mobile banking being the preferred method for day-to-day financial activities. The rise of neobanks such as Chime and Varo Bank, which offer fee-free, app-based banking services, exemplifies the shift toward fully digital experiences. Traditional banks like Bank of America and Wells Fargo have heavily invested in digital transformation, with features like AI-powered financial assistants, real-time fraud alerts, and biometric authentication now standard. 

For example, Bank of America’s virtual assistant “Erica” surpassed 1.5 billion interactions by mid-2024, demonstrating strong user adoption of AI-driven tools. The digital banking trend is also accelerating in Canada, where over 65% of consumers report using digital platforms as their primary banking method. Real-time payments and open banking initiatives—such as the U.S. FedNow system and Canada’s Payments Modernization project—are further catalyzing innovation, enabling faster and more seamless transactions. As digital banking continues to evolve in North America, the focus remains on personalization, security, and integration with broader financial ecosystems.

Key Findings of the Study

• The Global Digital Banking Market is expected to reach USD 40.59 Billion by 2035, at a CAGR of 11.8% during the forecast period.


• The Asia Pacific region accounted for the fastest growing in the global market.


• Based on By Solution, the Online Banking Platforms segment was attributed to holding the largest market in 2024.


• ALKAMI Technology, Inc, BACKBASE, EDGEVERVE Systems Limited, NCINO, Oracle, Q2 Software, Inc, Temenos, FNZ Group, CREALOGIX Ag, Fiserv, Inc, Jack Henry and Associates, Inc, Fidelity National Information Services, Inc, Candescent, Finastra, Sopra, And Among Others are the key market players.