What are Neobanks & How are They Better Than Traditional Banks?
Neobanks is an innovative, hassle-free new-age banking experience that operates without the traditional physical branch network. In India, Neobanks don’t have a banking license; instead, they work with banking partners to offer licensed services. The RBI doesn’t allow banks to be 100% digital yet. Typically, Neobanks operate independently and provide a wide range of services like traditional banks. Tech-savvy people find the concept attractive as it enables them to manage their finances online.Read full story