News about Neo Banks ๐Ÿ—ž๏ธ

probably these guys just copied the html and codes of Jupiter and Fi, changed a bit of colors and names here and there and launched the website for some scam they only know of

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Tata Capitals has their own EMI Card and its launched via Tata Neu app.

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I have already joined the waitlist 5 months back๐Ÿ˜‚ still no update

Sezzle ceases India operations.

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Thanks to @goldi for starting this thread and all others for discussions and their valuable comments. Got a lot of information regarding Neo Bank and BNPL services from this single thread. As a commerce research scholar doing research in banking, bnpl services, fintech, and innovation, this single thread is just like reading a 1000 page book and articles !!!
Thanks a lot for everyone :heart_eyes: :heart_eyes: :heart: :heart:

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Thatโ€™s the intention! @razack There are tons of neobanks and fintech brands out there and thereโ€™s so much to know! :star_struck:

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Another neobank coming

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Awesome find, Sourav.

I love this concept! We should do something similar.

Suppose thereโ€™s an animated gif /sticker / whatnot in the money > rewards tab;
For every card swipe, a sapling sticker is added. We could animate it to grow. Sorta feels rewarding knowing we contribute to greenifying the planet.

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Check out the discussion: A new kind of scam in town - Fake bank account opening | DesiDime

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FM money is everywhere :tired_face:
The comment from deep_ says he made an account without any OTPโ€™s or verification! Thatโ€™s scary.

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Do you have fm app link? I want to open account with Yes bank๐Ÿ˜…

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Nah. Someone posted the link in a comment and then the other one said app removed now.

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Ohh,:thinking: no problemsโ€ฆ Maybe its removed by them

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this is really worrying
if this kind of thnigs continue to happen
prospective neobank customers will even loose trust in the upcoming legit neo banks
I think all โ€˜legitโ€™ neo banks founders should get together with RBI and formulate certain plans to prevent such things from ever happening

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Fair point, but this is how cartelization takes shape.

Iโ€™m curious how terrifying Jiten would be as desi Vito Corleone. :thinking:

image

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Once RBi will know about this So-called fraud neo banks they will make the new circular

RBi To Neo Banks :

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Iโ€™m not talking about forming a cartel
just having enough regulatory surveillance to prevent scams in the name of neobanks

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Hereโ€™s MyShubhlife thatโ€™s apparently a full stack NBFC.

From what I gather, they are into loans and savings, probably consumer focused.

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Thereโ€™s this new neo-bank Tribe with unique way of earning interest.

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