Revolut is entering into the Australian Markets but will operate only as a digital wallet there and not take deposits or lend like a bank does. It will be fun to see how it competes with the well established licensed neobanks!
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A nice take on business model and unit economics of the UK neobank
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The most interesting part is how challenger banks in the UK are compared to Facebook and WeChat and what strengths come in with a marketplace model!
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Monzo Launched Monzo Plus recently, initial traction is 50,000 users.
Which Monzo Plus feature is most helpful for you?
- Add another bank accounts
- Higher interest on money
- Holographic Card
- Personalised budgeting (customize expense categories)
- Virtual Cards
- Check Credit Score
- Offers and rewards
0 voters
A recently publish study showed that every tenth Swiss banking client has at least once used a service by a neobank
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Groww is not a neo bank yet!
One of the big names in Europe files for bankruptcy.
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Tech first Credit Card companies are emerging. One card gets a competitor and this becomes an exciting space to watch.
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Aspire, the first business neobank in Southeast Asia, unveiled plans to go “plastic-less” via the issuance of Visa corporate cards with the help of FinTech firm. The tie-up will also make all Aspire cards available on Google Pay, according to an announcement.
https://www.pymnts.com/news/mobile-payments/2020/nium-teams-with-business-neobank-aspire-to-enable-google-pay/
Now credit karma (a company which shares credit score/ insights to the users) enters the race of digital banking too.
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And now a gaming company launches their card and has opened doors to Beta. Singapore has allowed digital bank licenses which has led to players like Razer enter, how far is India?
Also this card does not shine in the dark it lights up!
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German Neobank built on Solaris
’World’s most secure card’ is what they claim!
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