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Navigating wealth dynamics: Analysing Mass Affluent wallets in the UK and Singapore

Summary by rfi.global
Digital players are becoming increasingly sophisticated, and consumer uptake is increasing around the world. In the UK, the proportion of people using digital-only providers has increased since 2018 from 16% to over 50%. An interesting trend is that as well as the anticipated take-up by Gen Z, there has been a significant uptake by Mass Affluent consumers with 28% in the UK now holding liquid assets with neo banks. …
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Navigating wealth dynamics: Analysing Mass Affluent wallets in the UK and Singapore

Digital players are becoming increasingly sophisticated, and consumer uptake is increasing around the world. In the UK, the proportion of people using digital-only providers has increased since 2018 from 16% to over 50%. An interesting trend is that as well as the anticipated take-up by Gen Z, there has been a significant uptake by Mass Affluent consumers with 28% in the UK now holding liquid assets with neo banks. …

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rfi.global broke the news in on Tuesday, February 18, 2025.
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