Current:Home > BackFrom no bank to neobank-LoTradeCoin
From no bank to neobank
View Date:2024-12-23 15:11:03
When's the last time you visited the bank? 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.
veryGood! (2)
Related
- Kim Kardashian Says She's Raising Her and Kanye West's 4 Kids By Herself
- A Northern California wildfire has injured several people and destroyed homes
- 13 Products To Help Manage Your Pet's Anxiety While Traveling
- California lawmakers extend the life of the state's last nuclear power plant
- College Football Playoff ranking release: Army, Georgia lead winners and losers
- Trader Joe’s recalls cookies that could contain rocks: ‘Please do not eat them’
- People who want to visit the world's tallest living tree now risk a $5,000 fine
- Mississippi residents are preparing for possible river flooding
- Voyager 2 is the only craft to visit Uranus. Its findings may have misled us for 40 years.
- Kendall Jenner Supports Bad Bunny at Coachella Amid Romance Rumors
Ranking
- Why Cynthia Erivo Needed Prosthetic Ears for Wicked
- This $13 Pack of Genius Scrunchies on Amazon Can Hide Cash, Lip Balm, Crystals, and So Much More
- It Cosmetics Flash Deal: Get $156 Worth of Products for Just $69
- Heat torches Southern Europe, killing hundreds
- Should Georgia bench Carson Beck with CFP at stake against Tennessee? That's not happening
- Zombie ice will raise sea levels more than twice as much as previously forecast
- How Vanessa Hudgens Knew Cole Tucker Was the One to Marry
- It's Texas' hottest summer ever. Can the electric grid handle people turning up AC?
Recommendation
-
AP Top 25: Oregon remains No. 1 as Big Ten grabs 4 of top 5 spots; Georgia, Miami out of top 10
-
California lawmakers extend the life of the state's last nuclear power plant
-
War in Ukraine is driving demand for Africa's natural gas. That's controversial
-
Camila Cabello and Ex Shawn Mendes Spotted Kissing During Coachella Reunion
-
Ben Foster files to divorce Laura Prepon after 6 years, according to reports
-
Ecologists say federal wildfire plans are dangerously out of step with climate change
-
Kerry Washington, LeBron James and More Send Messages to Jamie Foxx Amid Hospitalization
-
These Towel Scrunchies With 8,100+ 5-Star Reviews Dry My Long Hair in 30 Minutes Without Creases