Online banking, known also as internet banking, is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution’s website.
Take a glance at the online banking size in the EU5 markets:
the total online banking audience in France is 74% of the total digital population 81%, while Germany total digital population is 78% with an online banking audience penetration rate of 61% of the total digital population. The total digital population in Italy is 68% of the total population, with a rate of 59% online banking audience size of the total digital population.
Although Spain has the lowest number of population and the lowest number of the digital population (29 million) it holds the highest percentage of online banking audience (85%) making the country the leader of the EU5 market in terms of online banking.