UAE – 3.6 billion users of digital banking globally 2024

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(MENAFN – Al-Bayan) Source:

  • Prepared by – Wael Al-Lababidi

Date:
March 06, 2020 To see the full size graphic, click here

A recent study by “Juniper Research” expected that the number of users of digital banking services in the world will exceed 3.6 billion by 2024, while this growth will be driven by the increase in the number of digital banks and the continuous focus on digital transformation by existing banking brands.

2.4

One billion people are the number of users of digital banking in the world today

3.6

Billions of global banking users in 2024 with 54% growth

5%

The percentage of customers transferring annually to digital banks in the Middle East

60%

They want to obtain housing loans through fully digital channels

68%

They want to obtain personal loans via digital channels

90%

UAE residents use digital applications to conduct their banking operations

Regional market drivers:

1. The maturity of the digital infrastructure

2. The emergence of banks able to compete with the traditional

3. Market entry of financial technology companies

Source: Statement “Juniper Research – Deloitte

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