As per the most recent records, Ant Group and Webank (Tencent) are the largest digital banks in the world with total assets of $300 and $230 billion USD respectively.
The world is growing with advanced technology and financial institutions are focusing on going digital rather than working with a physical location, as this saves so many overheads such as rent, utility bills, and other sundry expenses.
Top 20 Largest Digital Banks In The World
Here is the list of the top 5 largest digital banks in the world that are operating digitally.
A China-based digital bank that is listed on the top of the largest banks in the world with total assets of nearly $300 plus billion USD as per the most recent report.
The company is affiliated with the Alibaba Group which is a multinational Chinese company, and serves more than 1,300 million customers and nearly 80 million merchants.
The company was founded by Jack Ma in October 2014, and the headquarter of the company is in Hangzhou, China. Alipay is the largest subsidiary of Ant Group.
Another digital bank from China is the second largest digital bank in the world with a total assets of $230 billion USD as per the most recent report.
The bank was founded in 2014 by the Liye Group, Tencent, and Baiyeyuan. The headquarter of the company is in Shenzhen, China.
Chime is located in the USA and is currently listed as one of the largest neo banks in the world with a total assets of $35 billion USD according to a recent report. Chime is the largest neo-bank In the United States.
It is one of the most famous fee-free mobile banking in America which was founded in 2012.
A UK-based digital bank that is the largest digital bank in the United Kingdom, and also listed among top digital banks of the world.
According to the most recent report that banks occupy more than $33 billion USD in total assets.
The company was founded by Nikolay Storonsky and Vlad Yatsenko in 2015, and the company’s headquarter is in London.
The bank is located in Brazil and is currently listed among the top neo banks in the world with total assets of nearly $20 billion USD as per the most recent report.
The company is famous for its services and customers satisfactions. Nubank was founded in 2013 by David Velez, Cristina Janqueira, and Edward Wible.
The company earned a revenue of 1.7 billion in the year of 2021. The company also employed more than 6,000 employees.
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- Central Banks Across The Globe
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- Top-Ranking banks of the USA