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

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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

 

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SOURCE Mordor Intelligence Private Limited

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Landis+Gyr Expands Edge Applications Ecosystem with Two New Digital Innovators to Power Next-Generation Intelligent Grid

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Future Grid and OTS join Landis+Gyr’s open Edge ecosystem to accelerate real-time distribution grid intelligence and innovation across Australia.  

SYDNEY, Aug. 10, 2026 /PRNewswire/ — Landis+Gyr (SIX: LAND) today expanded its Edge Application (App) Ecosystem in Australia, adding Future Grid and Operational Technology Solutions (OTS) as new partners. The additions strengthen Landis+Gyr’s open global ecosystem, bringing new edge applications to market that enhance real-time intelligence and network reliability.

Landis+Gyr’s Edge App Ecosystem is an open, scalable platform that brings the simplicity and speed of an app-driven model to utilities, enabling real-time optimisation at the grid edge.

As distributed energy resources (DER) adoption accelerates, utilities face unprecedented grid complexity and require real-time visibility to make faster, more informed operational decisions while maintaining reliability.

Landis+Gyr’s platform addresses this challenge by providing a shared foundation for edge intelligence, enabling utilities to extend operational capabilities through best-of-breed applications and analytics. 

The ecosystem enables developers to deliver advanced analytics, operational optimisation and customer engagement applications within a secure, utility-grade environment, supporting predictive, data-driven decision-making.

Applications developed within Landis+Gyr’s Edge App ecosystem can be deployed across utilities using the company’s industry-leading Revelo® grid sensing platform, accelerating innovation and expanding intelligent grid capabilities at scale.

Landis+Gyr, Senior Vice President David Maclean, APAC said, “This is intelligent energy, delivered, empowering utilities to unlock greater value from data and build more resilient, future-ready networks.

Innovation at the edge should be simple, scalable, and impactful. Today, our Edge Apps Ecosystem enables utilities to rapidly adopt new applications and unlock AI-driven insights.

We are excited to welcome Future Grid and OTS to our global ecosystem, bringing a growing portfolio of applications to utilities and enabling real-time intelligence and innovation at the edge.”

New Partners Unlocking Next Generation Intelligent Insights

Future Grid is the leading SaaS platform that enables LV distribution networks to be managed seamlessly in real time – powered by advanced grid intelligence technology and AI-optimized analytics that transform massive quantities of data into a clear risk matrix of actions, used across globally by grid operators and utilities from compliance, field crews, grid planning to control rooms.

Operational Technology Solutions (OTS) brings deep expertise in data analytics, edge sensors, and real-time systems, enabling utilities to harness large-scale data, automate insights, and accelerate digital transformation. The company works with leading utilities to deliver advanced analytics capabilities that support the next generation of intelligent grid operations.

Future Grid and OTS join Landis+Gyr’s global ecosystem of application partners, including Sense, Mitsubishi Electric and more, bringing a growing portfolio of proven applications to utilities, ready to deploy and scale at the edge.

As the energy transition accelerates, Landis+Gyr continues to expand its intelligent ecosystem by working closely with utilities and partners to co-create edge solutions that are open and deliver real impact.

David Maclean added “The future of energy is collaborative, built on shared innovation, open platforms, and a collective commitment to shaping a more intelligent, connected, and resilient grid.”

About Landis+Gyr

Landis+Gyr is a global energy technology leader delivering intelligent solutions that connect devices, data, and decisions across the grid. Our mission is to accelerate the energy evolution through purposeful innovation and trusted partnerships. Trusted by more than 2,000 utilities worldwide, we transform traditional infrastructure into intelligent, networked systems that provide real-time grid visibility and control. With these insights, electric, gas and water utilities can anticipate demand, optimize operations, and deliver energy that is more reliable, resilient, accessible, safe, and sustainable. For more information, please visit our website www.landisgyr.com

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SOURCE Landis+Gyr Group AG

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Quocirca again names Ricoh a Print Security Leader for its “device-agnostic” managed security services

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TOKYO, Aug. 10, 2026 /PRNewswire/ — Ricoh has once again been named a leader in the print security market, according to the latest Print Security Vendor Landscape 2026 report from Quocirca, a leading market research and insight firm, reflecting its sustained commitment to protecting customers as printers become a bigger target for cyberattacks.

As organisations continue to navigate the evolving challenge of hybrid work, growing AI-driven threats, and increasingly complex mixed print fleets, the need for robust print security has never been more critical. Quocirca’s research shows that two-thirds (67%) of organisations experienced at least one data loss due to a print-related security breach in the past year — up from 56% in 2025 — with the average cost of a print-related data breach now exceeding 1.3M USD.

According to the report, Ricoh’s managed services, platform-based fleet visibility, and broad partner ecosystem — which together secure mixed fleets from any manufacturer, not just its own devices — are central to how it helps customers close the gap between print infrastructure and enterprise-wide security strategy.

Operationalising Security Across Print

Ricoh’s recognition by Quocirca reflects its focus on treating print security as an ongoing operational discipline rather than a one-time configuration exercise.

“Print is still one of the most overlooked corners of enterprise security, so recognition like this matters — it reflects the work we do to help customers close that gap rather than treat print as an afterthought,” said Kei Uesugi, Managing Director, Ricoh Asia Pacific. “As the threat landscape shifts, our focus stays the same: giving organisations the visibility and control to keep their people both productive and protected.”

Key Strengths That Set Ricoh Apart

The Print Security Landscape 2026 report highlights several key strengths underpinning Ricoh’s leadership position:

Global, device-agnostic security support spanning approximately 200 countries and territories.Broader visibility and automation across diverse print fleets through Ricoh’s platform tools.Assurance that refurbished devices meet the same security standards as new products.Continued investment in workflow and AI-driven security, including the natif.ai acquisition and a roadmap for AI-enabled data loss prevention (DLP) within RICOH Streamline NX.

Strengthening Readiness for Emerging Risks

With AI-driven threats and the eventual arrival of quantum computing reshaping the risk landscape, Ricoh continues to develop its secure print portfolio to meet the diverse needs of its global customer base.

The report specifically highlights Ricoh’s RICOH Streamline NX and RICOH CloudStream print management solutions for their support of zero trust architecture, broad authentication options, and lifecycle hardening capabilities such as Automatic Remote Firmware Update and Always Current Technology.

-Ends-

Read an Excerpt of the Report

Quocirca Print Security Landscape 2026

About Ricoh

Ricoh is a global integrator in workplace transformation, operating in approximately 200 countries and regions and headquartered in Tokyo. Supporting customers’ value creation, Ricoh offers workplace services and solutions that empower organisations to work smarter through advanced technologies—including AI— together with long-standing expertise rooted in printing. Ricoh also operates commercial and industrial printing businesses and delivers new solutions leveraging inkjet technology. In the financial year ended March 2026, Ricoh Group had worldwide sales of 2,608 billion yen (approx. 16.4 billion USD).

For 90 years since our founding, Ricoh has upheld its mission and vision of empowering individuals to find Fulfilment through Work—and that commitment continues today. By understanding and transforming how people work, we unleash their potential and creativity to realise a sustainable future.

For further information, please visit www.ricoh.com

© 2026 RICOH ASIA PACIFIC PTE LTD. All rights reserved. All referenced product names are the trademarks of their respective companies.

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SOURCE Ricoh Asia Pacific Pte Ltd

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APAC’s Leading Coil Winding Show – 2026 CWIEME Shanghai Concludes with Record International Growth, Spotlighting Robotics and eVTOL

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SHANGHAI, Aug. 10, 2026 /PRNewswire/ — The 11th CWIEME Shanghai – APAC’s leading coil winding show was held on June 24–26, 2026 in Shanghai, China. Focusing on EV, humanoid robots, and eVTOL, the show brought together global suppliers and buyers to build the most comprehensive industrial ecosystem in APAC– spanning high‑performance materials and components, advanced processes, and intelligent solutions. It served as a powerful driver for industrial upgrading and the transformation of productive forces.

Scale and internationalization hit new highs. The exhibition hosted over 330 exhibitors (up 5% YOY) across the entire motor and transformer supply chain, showcasing advanced technologies and products in insulation/magnetic materials, winding equipment, electrical/electronic components, motor accessories, electromechanical components, adhesives/resins/coatings, transformer components and EV drive technologies.

Over the three show days, nearly 40,000 professional visits were recorded, with overseas buyers hailing from over 60 countries and regions-a surge of 28.58% compared to 2025. The share of European and American professional buyers increased by 13% YOY, underscoring CWIEME’s strong global appeal. Key visitor segments included engineer, procurement, R&D and senior management, covering motor manufacturers, EV/eVTOL/robotics OEMs, transformer manufacturers, electrical/electronic components, coils, OEMs, generators, motor control/chips and application sectors such as EV, power/energy, industrial machinery, automotive, eVTOL, humanoid robots, home appliances, medical equipment, AI, communications and consumer electronics and aerospace.

Three focus tracks drew strong targeted attendance: over 4,400 EV motor professionals, 2,100 humanoid‑robot specialists, and 1,100 eVTOL experts. The concurrent conference featured 45 industry leaders across 9 sessions covering eVTOL, humanoid robot, electric drive, motor innovation, green transformer manufacturing, policies and academic frontiers, attracting over 3,800 attendees and cementing the show as a launchpad for “HIGH-TECH, HIGH-VALUE” innovations.

Exhibitor satisfaction reached 96%. Industry leaders praised the platform: MARSILLI’s General Manager noted a decade of growth alongside CWIEME; Bosch’s Vice President highlighted its value for showcasing technologies and engaging customers; Jintian’s Marketing Head expressed hopes for expanding global reach; and IPG’s SVP emphasized its unique role in connecting high-quality partners.

As the APAC’s premier one-stop international trade hub, CWIEME offers you the opportunity to: engage directly with leading suppliers, witness demonstrations of cutting-edge technologies, attend high-level forums for market insights, and connect with potential partners across EV, humanoid robotics, and eVTOL sectors in coil winding and electrical manufacturing industry.

Next edition: June 23–25, 2027 – we look forward to welcoming you again in Shanghai, China!

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