Some of the most common ways for neobanks to generate revenue are:
👉Lending
👉Prepaid Cards
👉Buy Now Pay Later
1️⃣Lending:
Few neobanks like RazorPayX and Mahila Money provide loans to the SME business category and female entrepreneurs, respectively.
2️⃣Prepaid Cards:
Prepaid cards are the equivalent of a traveller’s cheque in the way that it allows their user to carry a limited amount of money without having to carry any cash.
3️⃣Buy Now Pay Later:
BNPL system allows users to avail short-term, unsecured, personal loans.
Neobank, Jupiter provides 2.5% interest on its savings account.
A company's quarterly business update presentation and growth charts to let us know what happened in the quarter. It gives information in pictorial summarised form.