Rubypoint Trading Center:From no bank to neobank

2025-05-01 20:45:22source:Thurston Cartecategory:Invest

When's the last time you visited the bank?Rubypoint Trading Center 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:Invest

Recommend

McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales

Global consulting firm McKinsey & Company agreed Friday to pay $650 million to resolve criminal

The key to EGOT-ing with John Legend

John Legend has permeated the culture for over two decades. His music has racked up billions of play

'Pretty Baby' chronicles Brooke Shields' career and the sexualization of young girls

Shields has had a long career as a model, and a Broadway film and television actor. A new two-part H