The Retail Banking Market size was valued at USD 6,298.1 million in 2021 and is expected to grow at a significant CAGR of 10.2% during the forecast period 2022 to 2028. The global market provides a detailed overview and that can be segmented by Bank Type and Service. By Bank Type, the Retail Banking market has been segmented into Community Development Bank, Private Banking, Public Banking, and NBFCs. The Community Development Bank segment is likely to be the largest and fastest-growing segment in terms of Bank Type. Based on service retail banking market is segmented into Transactional Accounts, Saving Accounts, Debit Cards, ATM Cards, Credit Cards, Mortgages, and Home Loan. Among these, The Transactional Account segment is expected to have the fastest-growing market during the forecast period 2022-2028 according to Precision Business Insights.
In July 2016, NCR Corporation announced a strategic collaboration with Wells Fargo to drive Retail Banking innovation as well as dramatically invent new self-service new tech in Wells Fargo retail stores.