Connect with us

Technology

Mobile Banking Market to Hit USD 58.02 Trillion by 2031 with Asia-Pacific Holding 46.6% Market Share in 2025, Says Mordor Intelligence

Published

on

HYDERABAD, India, Aug. 6, 2026 /PRNewswire/ — According to Mordor Intelligence, the mobile banking market size is projected to grow from USD 28.73 trillion in 2025 to USD 58.02 trillion by 2031, rising from USD 32.11 trillion in 2026 at a 12.56% CAGR (2026–2031). The market is benefiting from the rapid shift toward digital-first banking, as consumers increasingly use mobile apps for payments, fund transfers, bill payments, account management, and other financial services. Banks are continuously enhancing mobile platforms with stronger security, faster transaction capabilities, and personalized digital experiences to improve customer engagement. At the same time, expanding smartphone penetration and greater access to digital financial services are supporting broader adoption, positioning mobile banking as a core channel for both retail and business customers.

Mobile Banking Market Growth Drivers 

Growing Adoption of Instant Digital Payments 

The increasing preference for instant digital payments is driving growth in the mobile banking market. Consumers now expect fast and seamless transactions for person-to-person transfers, bill payments, and everyday banking activities through mobile apps. As digital payment usage becomes more frequent, users engage with banking apps more regularly, encouraging financial institutions to expand their offerings beyond payments to include savings, lending, investments, and other value-added financial services. This shift is strengthening customer engagement and reinforcing mobile banking as a primary channel for everyday financial management. In addition, continuous improvements in payment infrastructure and user experience are making mobile banking more convenient and reliable. These developments are helping banks increase customer retention while supporting the broader adoption of digital financial services. 

Mobile Apps Become the Preferred Banking Channel 

Mobile banking apps are increasingly becoming the primary way customers access financial services. Users rely on these platforms for everyday activities such as checking balances, making payments, transferring funds, and managing accounts, reducing the need for branch visits. In response, banks are investing in more intuitive app designs, faster navigation, and personalized digital experiences to improve customer satisfaction. The growing focus on convenience, reliability, and seamless access is strengthening customer engagement while making mobile banking the central touchpoint for both routine transactions and the adoption of additional financial products. 

Jayveer V, Senior Research Manager, Mordor Intelligence, says, “Reliable decisions in the mobile banking market require research built on verified industry data and a transparent analytical approach. Mordor Intelligence delivers balanced market assessments grounded in standard research practices, helping business leaders evaluate opportunities with greater confidence than reports based on limited or less transparent methodologies.” 

Global Mobile Banking Market Share by Region 

North America and Europe remain key markets for mobile banking, with customers widely using mobile apps as their primary banking channel. Strong digital adoption across traditional banks and digital-first financial institutions continues to drive innovation in mobile banking services and customer experiences. Financial institutions in these regions are expanding app capabilities, improving user engagement, and introducing new digital features to strengthen customer relationships. Their mature digital ecosystems and ongoing investments in mobile-first banking continue to shape global trends in the mobile banking market. 

The Middle East and Africa is expected to be the fastest-growing region in the mobile banking market, supported by rising smartphone adoption and increasing demand for digital financial services. Mobile banking is expanding rapidly as it provides convenient access to banking in areas with limited physical branch networks. The growing use of mobile-based payments and everyday financial transactions is encouraging financial institutions to strengthen their digital offerings. As digital financial inclusion continues to improve, the region is expected to remain a major growth driver for the global mobile banking market. 

Major Segments Highlighted in the Mobile Banking Market Report 

By Service Type  

Fund Transfers  Bill Payments  Lending  Deposits and Withdrawals  Investments and Wealth Management  Insurance  Others  

By Transaction Type  

Consumer-to-Consumer  Consumer-to-Business  Business-to-Business  

By End User  

Retail Individuals / Consumers  Small and Medium Enterprises (SMEs)  Large Corporates and Businesses

By Geography  

North America  United States  Canada  Mexico  South America  Brazil  Argentina  Rest of South America  Europe  United Kingdom  Germany  France  Italy  Spain  Rest of Europe  Asia-Pacific  India  China  Japan  Australia  South Korea  South East Asia (Singapore, Malaysia, Thailand, Indonesia, Vietnam, and Philippines)  Rest of Asia-Pacific  Middle East and Africa  United Arab Emirates  Saudi Arabia  South Africa  Nigeria  Rest of Middle East and Africa 

Overview – Mobile Banking Industry

Study Period

2020-2031 

Market Size in 2026 

USD 32.11 Trillion 

Market Size Forecast 2031 

USD 58.02 Trillion 

Industry Expansion 

Growing at a CAGR of 12.56% during 2026-2031 

Fastest Growing Market for 2026-2031 

Middle East and Africa projected to record the fastest growth rate 

Segments Covered 

By Service Type, By Transaction Type, By End User and By Geography 

Regions Covered 

North America, Europe, Asia-Pacific, South America, and Middle East and Africa 

Customization Scope 

Choose tailored purchase options designed to align precisely with your research requirements. 

Mobile Banking Companies: Covers global market insights, key segment analysis, available financial information, strategic initiatives, market positioning, product and service offerings, and recent industry developments. 

JPMorgan Chase and Co.  Bank of America Corporation  Wells Fargo and Company  Citigroup Inc.  Banco Santander S.A.  HSBC Holdings plc  State Bank of India  BBVA Group  Barclays plc  PayPal Holdings Inc.  ING Group  HDFC Bank Limited  ICICI Bank Limited  Standard Chartered plc  DBS Bank Ltd  Nu Holdings Ltd  Revolut Ltd  Chime Financial Inc.  Monzo Bank Ltd  KakaoBank Corp. 

Get in-depth industry insights on the mobile banking market research report: https://www.mordorintelligence.com/industry-reports/mobile-banking-market?utm_source=prnewswire 

Explore related reports from Mordor Intelligence 

Open Banking Market: The Open Banking Market is segmented by Service Offering (Payment Initiation, Account Information Services, Data Aggregation & Enrichment, and Others), End User (Retail Banking Customers, SMEs, Corporate & Commercial Enterprises, and Others), Distribution Channel (Bank Channels, App-Based Platforms, and API Marketplaces), Deployment Model (Cloud, On-Premise, and Hybrid), and Geography. The market size and forecasts are presented in terms of value (USD). 

Banking As A Service (BaaS) Market Size: The Banking-as-a-Service market is valued at USD 28.96 billion in 2026 and is projected to reach USD 65.78 billion by 2031, growing at a CAGR of 17.83% during the forecast period. Market growth is driven by the increasing adoption of API-based banking services and the transition to standardized payment messaging, enabling faster integration and more efficient connectivity between banks and third-party financial service providers. 

Neobanking Market Growth: The Neobanking market is moderately consolidated, with a few leading digital banks accounting for a significant share of customers while leaving opportunities for emerging players to expand. Competition is driven by continuous innovation, digital-first customer experiences, and expanding financial service portfolios. Leading providers are investing in artificial intelligence, cloud technologies, and API-based platforms to strengthen their offerings, while traditional banks are launching digital banking brands and embedded finance solutions to remain competitive in the evolving market. 

About Mordor Intelligence: 

Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals.

With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive market analysis and research reports as well as syndicated and custom research offerings that cover a wide spectrum of industries, including aerospace & defence, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.

For media inquiries or further information, please contact:
media@mordorintelligence.com
https://www.mordorintelligence.com/contact-us

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/mobile-banking-market-to-hit-usd-58-02-trillion-by-2031-with-asia-pacific-holding-46-6-market-share-in-2025–says-mordor-intelligence-302844947.html

SOURCE Mordor Intelligence Private Limited

Continue Reading

Technology

SEAL Awards Marks Ten Years of Honoring Business Sustainability and Climate Reporting

Published

on

By

This month marks the tenth anniversary of SEAL Awards, an organization dedicated to recognizing corporate sustainability leadership, funding early-career environmental research, and honoring the journalists whose reporting has shaped public understanding of the climate crisis. From its initial idea of corporate sustainability recognition in September 2016, the organization has grown from a single set of business awards into a three-pillar effort spanning recognition, research, and direct action.

SAN DIEGO, Sept. 24, 2026 /PRNewswire/ — Ten years ago, SEAL Awards Founder Matt Harney set out to build an organization that could champion positive corporate environmental practices. A decade later, that founding idea has expanded into three connected pillars: the Business Sustainability Awards, the Environmental Journalism Awards, and the Environmental Research Grants, alongside a series of independent environmental impact campaigns.

The SEAL Business Sustainability Awards have recognized global leaders including Cisco, Disneyland, General Electric, General Motors, Honeywell, IBM, Microsoft, Mastercard, Procter & Gamble, Salesforce, Samsung, Southwest Airlines, and Whirlpool among the world’s most sustainable. Past award winners like AiDash, Beewise, Enervee, FloWater, PATH (Pathwater), and Stasher reflect SEAL Business Sustainability Awards’ inclusion of start-ups and emerging sustainability leaders. SEAL’s ESG recognition efforts were furthered by its analytical process – merging CDP A-List data with CSA / S&P Global ESG Scores – for its SEAL Organizational Impact Award, representing the top 50 most sustainable companies in the world. Application fees from the business awards fund the organization’s research grants, environmental journalism awards and impact campaigns, tying corporate recognition directly to the organization’s broader mission.

The Environmental Journalism Awards have honored journalists at outlets ranging from established newsrooms – The New York Times, The Washington Post, The Guardian, Bloomberg, NPR, and ProPublica – to emerging, climate-focused publications including Mongabay, Grist, Earther, and The Narwhal. Each year, the program recognizes twelve journalists for reporting that connects environmental systems to the political and economic forces shaping them and the communities living through them.

The Environmental Research Grants fund graduate students and postdoctoral researchers early in their environmental policy careers, with past recipients based at institutions including Harvard, MIT, UCLA, Arizona State University, Princeton, the University of Colorado Boulder, the Marine Conservation Institute, and Duke.

Beyond granting recognition to corporate sustainability and environmental journalism, SEAL Awards has taken on its own impact campaigns, including developing the concept for an Eco Rewards credit card, launching the “UpTheCup” public call for Starbucks to reduce cup waste that achieved over 70,000 petition signatures on Change.org, and a push for Yelp to highlight sustainable restaurant listings – efforts that use the organization’s network to drive change directly rather than solely through recognition. Through these campaigns, over 100 interns gained training by directly owning impact campaign deliverables.

“Ten years ago, sustainability was often a small, ignored cost center within companies,” said Matt Harney, Founder of SEAL Awards. “Today, companies are being asked to show their work, and increasingly, they can. In the past decade, we’ve seen real progress in making sustainability a core pillar instead of an afterthought. The challenge we face in the coming decade is to shift from sustainability as an aspiration to a baseline, with regenerative business practices as the new goalpost.”

“It has been an honor to support SEAL Awards and serve its mission from the beginning,” said Safa Bee Wesley, Impact Lead. “I’m proud of the work we’ve accomplished over the past ten years, and especially proud of our impact internship program. Our impact campaigns set out to change the way business is done — but the biggest impact we created may have been through the experience our interns gained from planning and implementing our campaigns, and the skills they carried into their own careers in sustainability.”

SEAL Awards continues to expand its search for honorees across varied industries, journalism formats, and global locations, reflecting the scale of the environmental challenges it was founded to address.

ABOUT SEAL AWARDS
SEAL (Sustainability, Environmental Achievement & Leadership) Awards is an environmental advocacy organization that honors leadership through its corporate sustainability awards and environmental journalism awards, while funding academic research and pursuing its own environmental impact campaigns.

The SEAL Awards’ core pillars are:

Business Sustainability Awards, honoring the most sustainable companies in the worldEnvironmental Journalism Awards, recognizing journalists across established and emerging outletsEnvironmental Research Grants, funding early-career researchers at institutions including Harvard, MIT, and DukeImpact Campaigns, applying the organization’s network directly toward environmental accountability

Company Website
https://sealawards.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/seal-awards-marks-ten-years-of-honoring-business-sustainability-and-climate-reporting-302888317.html

SOURCE SEAL Awards

Continue Reading

Technology

DFI Enables the Future of Gaming Operations with Edge AI and Real-Time Vision Analytics at G2E 2026

Published

on

By

TAIPEI, Sept. 24, 2026 /PRNewswire/ — DFI, a Qisda Group company and a global leader in embedded motherboards and industrial computers, today announced that it will showcase its latest gaming computing platforms at the Global Gaming Expo (G2E) 2026. Designed for next-generation smart gaming systems, the platforms combine high-resolution graphics, responsive edge computing, and integrated system security.

Leading DFI’s showcase is the SF101-PTH embedded system, powered by the Intel® Core™ Ultra processor (Series 3) platform. Utilizing Intel® Xe3 graphics architecture and delivering up to 180 TOPS of combined AI performance across its NPU, GPU, and CPU on a single-board computer, the system addresses the demanding computational requirements of next-generation slot machines and smart bingo terminals. With its integrated edge AI capabilities, the SF101-PTH processes advanced computer vision workloads to drive player engagement analytics for tailored guest experiences, alongside on-device fraud prevention to safeguard machine integrity. These AI workloads run concurrently with low-latency multi-screen 4K 3D game rendering within a low-power envelope. DFI will demonstrate these capabilities on-site through an interactive, live Bingo Machine showcase, illustrating real-time graphical throughput and edge analytical processing.

DFI’s showcase further includes an extensive motherboard portfolio spanning Intel® Core™ Ultra processors (Series 3 and Series 2) as well as Intel® Core™ 14th/13th Gen processors to accommodate diverse cabinet form factors, offering scalable performance from mainstream socketed processing to next-generation edge AI and multi-display 4K configurations. Supporting Qisda Group’s four AI pillars – “AI Vision & Display,” “AI Infrastructure,” “AI Solutions & Smart Manufacturing,” and “AI Hospital & Wellness Ecosystem”- DFI advances high-performance graphics, edge AI processing, and scalable infrastructure to empower next-generation gaming at G2E 2026.

To simplify cabinet architecture and streamline peripheral management, DFI will feature the GM841-HPF system, powered by the AMD Ryzen™ Embedded 8000 Series processor. Built as an all-in-one platform for gaming cabinets, the GM841-HPF integrates 8-channel physical intrusion detection, 32-in/32-out isolated GPIO, 4 native ccTalk ports, and iButton interfaces directly onto the board. This unified design enables direct connectivity to bill validators, buttons, and lighting peripherals without requiring external converter boards, reducing cabling complexity and maintenance costs.

To support regulatory compliance across global gaming markets, DFI offers gaming platforms with hardware TPM 2.0 and jurisdiction-specific BIOS options pre-verified by GLI. Using cryptographic hashing and public-key verification, these capabilities help protect BIOS and storage media integrity while simplifying system validation across different gaming jurisdictions.

Exhibition Information

Location: The Venetian Expo, Las Vegas, USAHall: Exhibition HallDate: September 29 – October 1, 2026Booth No.: 1832

About DFI

Founded in 1981, DFI is a global leading provider of high-performance computing technology across multiple embedded industries. With its innovative design and premium quality management system, DFI’s industrial-grade solutions enable customers to optimize their equipment and ensure high reliability, long-term life cycle, and 24/7 durability in a breadth of markets including Industrial Automation, Medical, Gaming, Transportation, Energy, Mission-Critical, and Intelligent Retail.

View original content to download multimedia:https://www.prnewswire.com/news-releases/dfi-enables-the-future-of-gaming-operations-with-edge-ai-and-real-time-vision-analytics-at-g2e-2026-302884382.html

SOURCE DFI

Continue Reading

Technology

IBM Expands Its Digital Banking Infrastructure with Swift Integration and Digital Asset Haven On-Premises

Published

on

By

IBM enables financial institutions to connect to Swift’s blockchain-based shared ledger for tokenized deposit transactions with betaIBM Digital Asset Haven extends to on-premises beta deployment, giving institutions greater deployment control of their digital asset technology stack

ARMONK, N.Y., Sept. 24, 2026 /PRNewswire/ — IBM (NYSE: IBM) today announced two key capabilities designed to help financial institutions, governments, and other regulated organizations provide digital asset services while prioritizing enterprise-grade security and control. In a beta offering, IBM Digital Asset Haven clients can now connect to permissioned blockchain networks, including Swift’s blockchain-based shared ledger. IBM is also extending IBM Digital Asset Haven to an on-premises beta deployment option, enabling clients to manage digital asset operations entirely within their own data centers.

According to J.P. Morgan Payments, 93% of financial institutions are modernizing their payments infrastructure¹ as banks look to move money more efficiently across borders and manage a growing range of digital assets. This shift is increasing demand for infrastructure that can support new forms of digital transactions while meeting banks’ security, compliance, and operational requirements.

IBM advances cross-border payments with Swift’s ledger

IBM Digital Asset Haven now enables clients to connect to Swift’s blockchain-based shared ledger. Swift is the globally inclusive cooperative that connects 12,500 financial institutions across 200+ markets. With the beta release of the IBM Digital Asset Haven ISO 20022 Messaging Adapter feature, institutions can instruct tokenized deposit transactions using standard ISO 20022 messages through the shared ledger infrastructure, allowing them to build on existing payment message formats and operational processes instead of blockchain-specific workflows. Swift’s ledger supports bank-issued tokenized deposits and participating IBM clients can move digital assets 24 hours a day, 7 days a week, ahead of final settlement through existing systems, while continuing to use established Swift standards and banks’ own compliance processes.

Announced at Sibos 2025 and designed in collaboration with more than 40 financial institutions worldwide, Swift’s ledger moved from concept to activation within nine months and is being put to first use by 17 first-mover institutions piloting tokenized deposit transactions. Financial institutions already participating in the program have successfully tested tokenized deposits on the Swift shared ledger with IBM Digital Asset Haven, demonstrating how banks can use existing standards and compliance processes to explore new models for moving money digitally.

IBM Digital Asset Haven extends to on-premises beta deployment

IBM is also extending Digital Asset Haven, a platform built to help banks, governments, and other regulated organizations manage and secure digital assets, to an on-premises beta deployment for clients. This deployment allows organizations to manage digital assets such as stablecoins and tokenized deposits entirely within their own environments.

Since launching IBM Digital Asset Haven SaaS and hybrid deployment options in October 2025, banking and payment institutions across multiple continents have begun implementing digital asset use cases with IBM Digital Asset Haven.

The new on-premises deployment option is designed to run entirely inside a client’s own data center on IBM Z and IBM LinuxONE with no dependency on public cloud infrastructure. Clients can deploy it on compatible IBM infrastructure already in their environment or add new capacity based on their requirements.

IBM Digital Asset Haven on-premises differentiates from existing deployment options by being built to combine client control with increased performance, speed, and scale for digital asset operations, while prioritizing enterprise-grade security. IBM Digital Asset Haven’s on-premises key features include:

Client-Controlled Deployment keeps both the solution layer and the key management layer entirely inside the client’s own IBM LinuxONE or IBM Z environment, with configurations achieving industry-leading 99.999999% availability2.Hardware-Backed Security protects keys using IBM Crypto Express HSMs embedded in LinuxONE, with confidential computing and secured environment partitioning isolating production, test, and development environments.Structured Key Ceremonies and Cold Storage follow formal, auditable processes used to generate root certificate authority keys, producing documentation clients can present to regulators, with support for IBM Offline Signing Orchestrator cold storage operations.Consistent Experience Across Deployments carries the same architecture, APIs, and workflows as Haven’s SaaS and Hybrid SaaS options, so clients can move between deployment models without rewriting applications.

“The financial services industry is entering a new era where tokenized and traditional assets will need to move side by side,” said Tom McPherson, General Manager, IBM Z and LinuxONE. “As institutions modernize payments and prepare for a future of always-on transactions, they need infrastructure that combines innovation with the security, resiliency, and regulatory compliance requirements of regulated banking. By connecting to Swift’s shared ledger and extending IBM Digital Asset Haven to on-premises environments, IBM is helping clients participate in emerging digital asset networks while prioritizing control of their most critical financial operations.”

For more information about IBM’s integration with Swift’s shared ledger, visit here. Institutions interested in IBM Digital Asset Haven’s on-premises beta can join the waitlist at here.

Statements regarding IBM’s future direction and intent are subject to change or withdrawal without notice, and represent goals and objectives only.

About IBM
IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Thousands of government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM’s long-standing commitment to trust, transparency, responsibility, inclusivity and service.

Additional Sources
What’s New IBM Digital Asset Haven On-Prem and Swift Blog 

Disclaimers:
1. https://www.jpmorgan.com/insights/payments/fx-cross-border/2026-trends-for-financial-institutions 

2. IBM internal data based on measurements and projections was used in calculating the expected value. Necessary components include IBM LinuxONE Rockhopper 5; IBM z/VM V7.3 systems or above collected in a Single System Image, each running RHOCP 4.14 or above; IBM Operations Manager; GDPS 4.6 or above for management of data recovery and virtual machine recovery across metro distance systems and storage, including Metro Multi-site workload and GDPS Global; and IBM DS8000 series storage with IBM HyperSwap. A MongoDB v4.4 workload was used. Necessary resiliency technology must be enabled, including z/VM Single System Image clustering, GDPS xDR Proxy for z/VM, and Red Hat OpenShift Data Foundation (ODF) 4.14 or above for management of local storage devices. Application-induced outages are not included in the above measurements. Other configurations (hardware or software) may provide different availability characteristics.

Media Contact:
Aishwerya Paul
IBM Infrastructure Communications
Aish.Paul@ibm.com 

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/ibm-expands-its-digital-banking-infrastructure-with-swift-integration-and-digital-asset-haven-on-premises-302888373.html

Continue Reading

Trending