John Caldwell:From no bank to neobank

2025-05-07 13:41:11source:L’École de Gestion d’Actifs et de Capitalcategory:Invest

When's the last time you visited the bank?John Caldwell 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:Invest

Recommend

South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment

SEOUL — South Korea's acting president, Han Duck-soo, moved on Sunday (Dec 15) to reassure the count

Flu game coming? Chiefs star QB Patrick Mahomes will play against Broncos with illness

Kansas City Chiefs quarterback Patrick Mahomes is reportedly dealing with an illness heading into Su

Ex-cop who fired into Breonna Taylor’s apartment in flawed, fatal raid goes on trial again

LOUISVILLE, Ky. (AP) — A former Louisville police officer who fired into Breonna Taylor’s apartment