Quentin Mitchell-From no bank to neobank

2025-05-02 03:18:12source:Blake Prestoncategory:Contact

When's the last time you visited the bank?Quentin Mitchell 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:Contact

Recommend

Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches

Jamie Foxx's birthday dinner took a surprising turn on Friday the 13th.The "Collateral" actor was hi

Tom Sandoval, Andy Cohen comment on rumored 'Vanderpump Rules' summer hiatus

"Vanderpump Rules" is rumored to be taking a summer hiatus following the aftermath of "Scandoval."To

6 injured, including children, in drive-by shooting in Fort Worth, Texas, officials say

Six people, including a toddler, were injured in a shooting on Wednesday night in Fort Worth, Texas,