Fastexy Exchange-From no bank to neobank

2025-05-05 22:18:32source:Indexbitcategory:Markets

When's the last time you visited the bank?Fastexy Exchange 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:Markets

Recommend

For those in their 40s, navigating finances should mean putting an emphasis on retirement

For 48-year-old Rowan Childs of Wisconsin, a recent divorce turned her financial life upside down. "

Michigan woman’s handpicked numbers win $1M on Powerball. She found out on Facebook.

A Michigan woman was aimlessly scrolling through Facebook when she learned that she won $1 million o

Review: Full of biceps and bullets, 'Love Lies Bleeding' will be your sexy noir obsession

Sultry, sweaty and sufficiently bizarre, “Love Lies Bleeding” is a neo-noir thriller packed with bar