News about Neo Banks ๐Ÿ—ž๏ธ

Seems likely given that mejority of Fintechs have SBM Bank as their partner.

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@Mukesh_kumar_Bharti Whoa, this looks interesting!
We too will have something similar! It should be in the lending space.

It looks like Niyo is making a first list for the initial rollout. :eyebrow:

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Ladies and Gentleman!..

Presenting Naya India ka Goal-based Savings account in-partnerships with Equitas Small Finance bank ZenPro by RupeeZen

Link : https://rupeezen.com/

I am not confirmed whether existing customers are allowed or not.

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Pains me to say this, but can we ever be the first to launchโ€ฆ. Anything?

Doesnโ€™t have to be ground breaking or earth shattering, but itโ€™d be cool to not feel like Iโ€™m missing out on a very important bank-y feature, while we play catch up several months if not a year or two behind the competition.

I dont mean this to be harsh. Please convey my love to the product team. The beerโ€™s on me. :smile:

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Link to apply for Lazypay RBL Credit Card

Link to show interest for LazyPay RBL Card

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Vested Money coming up with US bank account for Indians.

Sign up with my referral link to move up the queue:

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Utoppia, free borderless account in USA :us: for non-US residents!

Just need valid passport as kyc document.

Account is secured by FDIC upto 250k USD.

Download the app here:
IOS: https://apps.apple.com/app/id1609117241?mt=8
Android: https://play.google.com/store/apps/details?id=com.utoppia&hl=en&gl=US

Referral code: UTOPPIA-CQ51

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Do they provide any physical debit card?

How was the onboarding process?
If I use that debit card in india will I bear charge any charge?

I wonโ€™t go USA, can I use it only in India?
How about forex charge?

Overall benefit?

It is not a zero balance amount. And there is account maintainance fees which is shown after sign up.

I donโ€™t see any charges. Where did you see that? Can you share screenshot?

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Easy quick onboarding with just passport. They provide virtual debit card. But that card can be added to apple pay to use offline. No US visit is required. But getting a US card work online in India is difficult (except amex) as because of the RBI 3d secure rule. Most US banks donโ€™t support this.

If you need to work with USD remotely, simply use a Zero Forex Charges account for card spends.

For receiving money, setup a Wise account and configure your email for easy transfers. The sender pays the transfer fees.

If itโ€™s a traditional minded business or a very large transfer, use the SWIFT network for not so Swift transfers. Add 8% to cover for fees.

Setup a Stripe payment gateway for B2C Clients who donโ€™t want to use Wise/PayPal. Add 9% to cover for fees.

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At the very bottom of this Page, you will find the account inactivity or minimum balance clause

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Slice finally scored a PPI license from RBI (with riders)โ€ฆ

https://m-economictimes-com.cdn.ampproject.org/v/s/m.economictimes.com/tech/startups/card-fintech-company-slice-receives-prepaid-pay-licence-from-rbi/amp_articleshow/96260168.cms?amp_js_v=0.1#webview=1&cap=swipe

They will jumped into Teenagers banking space :joy: Business model khatam

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What is slice doing now? Prepaid cards :thinking:

Theyโ€™ve apparently lost the plot.

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We should thank RBI?

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