Neobank is a term for banks that exist only in digital form, as an app, web app, or other software solution, and doesn’t have any physical branches. It can work in several jurisdictions and is usually not limited to a single country or region.
In 2020, the number of e-commerce transactions made with digital or mobile wallets reached roughly 45 percent and by 2024 this number is expected to be over 50 percent.
What does it have to do with neobanks or EMIs? Read the full article HERE.