Yuh Overtakes Almost All Neobanks in Switzerland
Hey Digital Banking Fanatic!
Currently, only slightly more than 1 percent of the Swiss population uses a neobank as their primary bank, according to Andreas Dietrich and Matteo Langenegger of the Institute for Financial Services Zug.
A look at Great Britain underscores this potential: There, the share of smartphone banks in primary banking relationships rose from 1 percent in 2019 to around 6 percent in 2025.
Under this competitive market, there is a player that is making the headlines among the local players.
Launched in May 2021, the neobank Yuh already boasts a customer base of 400,000 just four and a half years later.
“It will be interesting to see whether Yuh can continue his rapid rise. If so, the company's customer base could grow to over 500,000 users by the end of 2026. Revolut is also expected to continue its strong growth,” mentioned Stefan Waldvogel.
Dig into the rest of today's digital banking headlines. 👇 See you tomorrow!
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