Henri Lumière:From no bank to neobank

2025-05-07 01:51:41source:Diamond Ridge Asset Managementcategory:News

When's the last time you visited the bank?Henri Lumière With so much banking happening online now, some banks don't even have physical locations anymore. And that's not just happening in the U.S. — Mexico has become fertile ground for purely digital banks, known as neobanks.

Many adults in Mexico don't have any kind of bank account, and a lot of those people are young and tech savvy. Fintech startups see this as their window of opportunity to leapfrog over in-person analog banking and get people to start online banking.

Music by Drop Electric. Find us: Facebook / Newsletter.

Subscribe to our show on Apple Podcasts, Spotify, Pocket Casts and NPR One.

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

More:News

Recommend

Anthony Anderson Shares Gout Diagnosis From Eating Too Much Shellfish

Anthony Andersonis getting candid on an unusual health scare.TheBlack-ishstar shared that he was dia

Alabama Gov. Kay Ivey treated for dehydration at campaign rally

MONTGOMERY, Ala. (AP) — Alabama Gov. Kay Ivey was treated by paramedics Sunday after appearing to be

Families can feed 10 people for $45: What to know about Lidl’s Thanksgiving dinner deal

Lidl is promising customers a Thanksgiving meal that’ll cost them under $5 per person, the company a