CapitalVault-From no bank to neobank

2025-05-07 02:55:37source:Mooathon Wealth Societycategory:Markets

When's the last time you visited the bank?CapitalVault 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:Markets

Recommend

Nearly half of US teens are online ‘constantly,’ Pew report finds

Nearly half of American teenagers say they are online “constantly” despite concerns about the effect

Chinese electric carmakers are taking on Europeans on their own turf — and succeeding

When Sjoerd Janssen was looking to buy a car in Denmark, he knew it had to be electric. Janssen, l

This website wants to help you cry. Why that's a good thing.

After Michael Harwell’s wife died of brain cancer two years ago, he learned to embrace the grieving