How fintech is revolutionizing :

What Are Digital-Only Banks?

Financial firms that conduct all of their business online are known as digital-only banks, neobanks, or challenger banks. All of their services are available online or through mobile applications; they don’t have any physical locations.

Why Are They Gaining Popularity?

Reduced Fees: They frequently provide better interest rates and reduced fees because they have fewer overheads (no branches).

Personalised Experience: Users gain greater control and financial awareness thanks to budgeting tools and AI-driven insights.

Faster Service: Real-time payments, instant approvals, and seamless digital onboarding.

Key Players (2025)

Revolut
Monzo
Chime
Jupiter (India)
Toss (South Korea)