However, FinTech companies have emerged with fuss-free next-generation financial solutions by introducing neo-bank software. FinTech companies offer a wide range of contactless payment solutions by using money management apps and online payment software for their customers.
In 2021, the global neo-banking market size was valued at 47.39 billion according to grand view research data. Neo-Bank Solution will continue to grow rapidly at an annual CAGR of 53.4% from 2022 to 2030.
READ MORE : Things Traditional Banks can learn from Neo Banks and FinTech Companies
Comments