The idea of Neo banks is that they are ‘digital only‘, meaning all transactions are online, and customers can use them anywhere with any device. With the rise of cryptocurrency and digital banking, we see a new set of financial institutions emerge. These are called “Neo banks.”
This category will discuss the digital banking available in India. FinCards will provide an in-depth analysis of any kind of digital banking and make people aware of its features and drawbacks.
Finding a digital banking account in India can be a daunting task, especially if you’re looking for one that will work well with your current bank account. In this category, we’ll go through all the best accounts out there as well as tell you what to look out for before choosing your next digital banking account.
Jupiter Money is a Neo bank specifically targeted Generation Z and millennials. Jupiter isn’t itself a bank. It’s not licensed by the RBI to be a bank. Instead, it’s using the infrastructure and institutional foundation of the Federal Bank.