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June 1, 2021
US Gen Z Digital* and Mobile* Banking Users, 2020-2025 (millions)
Note
A digital-only bank is the brand with which the consumer engages, but may itself be a licensed bank (such as Ally Bank in the US, a legacy bank that moved into consumer banking with a digital-only product, and Monzo in the UK, which is a startup that has acquired a banking license, and Tangerine in ... Canada, a digital-only subsidiary of legacy bank Scotiabank), or may have a partnership with existing licensed banks (such as Chime in the US, Revolut in the UK, and Koho Bank in Canada, which operate accounts through partnered licensed financial institutions).Methodology
Estimates are based on the analysis of survey and traffic data from research firms and regulatory agencies, historical trends, country-specific data and demographic and socioeconomic factors.Featured In
Mos could make neobanking inroads with Gen Z US Generation Z Financial BehaviorsGen Z-focused Quirk brings its personality tests to the USBanks in the UK and EU want to serve Gen Z, but still need to correct some slight misalignmentsGen Z will be opening up a lot of new bank accounts, but banks will have to win their business Privacy concerns don’t get in the way of Gen Z’s enthusiasm about AI-enabled bankingSources
Chart Title
US Gen Z Digital* and Mobile* Banking Users, 2020-2025 (millions)Publication Date
June 1, 2021