Digital Banking Industry: Regional Scope
Asia Pacific Market Forecast:
The APAC digital banking market is estimated to maintain a leading revenue share of 42.4% during the forecast period. APAC’s dominance is attributed to the large-scale proliferation of smartphone and expansion of 5G infrastructure, creating a substantial percentage of end users. The expanding middle class in economies such as China, India, Singapore, etc., is driving the adoption of digital banking solutions. Additionally, the supportive regulatory landscape in APAC is pushing for favorable fintech environments and open banking models.
The India digital banking market is estimated to expand its revenue share by the end of 2037. The market’s major driver is the widespread smartphone penetration along with nationwide initiatives such as Digital India and the Unified Payments Interface (UPI). Due to the large-scale consumer base, the market’s momentum remains strong in India. The UPI transactions YoY have exhibited considerable increase, highlighting the sector’s potential. For instance, in May 2025, the UPI of India processed more than USD 300 billion in transaction value, representing a 5% month-on-month increase from April 2025 and a 23% YoY growth.
North America Market Forecast:
The North America digital banking market is registering the fastest expansion rate, rising at a CAGR of 22.3% during the forecast timeline. A major factor of the growth is due to the high consumer digital literacy in the region along with strong fintech innovation ecosystems. Another trend that supports the regional market's growth is the emergence of BaaS models along with a surging demand for embedded financial solutions by SMEs. As platforms such as Twitch, Mixer, etc., become increasingly popular, the requirement for digital banking services is predicted to exhibit sustained growth throughout the anticipated period.
The U.S. market is estimated to maintain its dominant revenue share in North America. The U.S. market is characterized by the heightened adoption of AI-powered analytics and the expansion of real-time payment infrastructure. Additional drivers include the API ecosystems facilitating open banking, along with the rising consumer preferences for mobile-first banking.
