Image of a person making payment using a card to denote neobanks vs traditional banks

What is the difference between neobanks vs traditional banks?

Understanding the infrastructure of neobanks vs traditional banks Traditional banks provide customers with the convenience of in-person transactions and services, whereas neobanking platforms operate entirely in the digital space, often known as “digital banks” or “challenger banks”. No physical branches exist for these online banking platforms. One of the key differences in neobanks vs traditional …

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