Mobile Banking Market Expected to Reach $58.02 Trillion by 2031
The mobile banking market is projected to grow from $28.73 trillion in 2025 to $58.02 trillion by 2031, expanding at a compound annual growth rate of 12.56%, according to Mordor Intelligence.
The global mobile banking market is forecast to reach $58.02 trillion by 2031, an increase from an estimated $28.73 trillion in 2025. The market is expected to grow at a compound annual growth rate (CAGR) of 12.56% between 2026 and 2031, according to a report by Mordor Intelligence.
The Asia-Pacific region held a substantial 46.6% market share in 2025 and is expected to continue its strong growth trajectory. This regional performance is a key driver for the overall market expansion.
Factors contributing to this growth include the increasing penetration of mobile devices, shifting consumer preferences towards digital channels, and the ongoing digitization of financial services. Mobile applications are increasingly used for transactions, account management, and investment activities.
Mordor Intelligence anticipates that the demand for mobile banking services will continue to rise, supported by advancements in security features and user interface design. This trend presents opportunities for both established financial institutions and emerging fintech companies.