Neobanks are conceptually and practically different from western neobanks in India. Our neobank are mostly fintech players or entities, building neo banking solutions to ease customers’ pain points. According to RBI regulations, banking licenses are not issued to these digital banks or fintech players due to the compliance guidelines. Hence they offer financial products and services to make the customer’s financial journey easier.

These banks can provide banking solutions such as virtual account and issue cards by partnering with traditional banks.

In short, neobanks in India are fintech entities partnering with traditional banks to offer advanced banking and financial solutions to their customers.

The digital banking space is growing at a fast rate astronomically around the world. The concepts and practices in the industry are changing rapidly and it has given rise to various digital banking operating models.

Neobanks are conceptually and practically different from western neobanks in India. Our neobank are mostly fintech players or entities, building neo banking solutions to ease customers’ pain points. According to RBI regulations, banking licenses are not issued to these digital banks or fintech players due to the compliance guidelines. Hence they offer financial products and services to make the customer’s financial journey easier.

These banks can provide banking solutions such as virtual account and issue cards by partnering with traditional banks.

In short, neobanks in India are fintech entities partnering with traditional banks to offer advanced banking and financial solutions to their customers.

The digital banking space is growing at a fast rate astronomically around the world. The concepts and practices in the industry are changing rapidly and it has given rise to various digital banking operating models.