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Neobanks in South America – a review of the current landscape
South America has witnessed exceptionally dynamic growth and evolution of its neobanks landscape, with now more than 30 live digital banks that serve over 50 million customers out of the... more
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Traditional Bank apps surge but Challenger bank app downloads slump
New research from Nucoro reveals that between 14th March and 14th April, because of the COVID-19 lockdown, around 12% of the adult population in the UK – some 6 million... more
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Challenger bank N26 reaches 5 million customer milestone
N26, one of the so called Challenger banks has reached the milestone of 5 million customers. N26 was founded in 2013 and raised $683 million (£520 million , €616 million... more
The post Challenger bank N26 reaches 5 million customer milestone appeared first on Payments Cards & Mobile.
One new bank account opens every 6 seconds in UK
Banking customers are increasingly opening multiple accounts, particularly the younger generations, with up to a third of Millennials and Gen-Zs having opened at least two new accounts in the past... more
The post One new bank account opens every 6 seconds in UK appeared first on Payments Cards & Mobile.
Why the High Street banks should start to be concerned by the Challenger banks
In the last couple of weeks two Challenger banks have hit the UK. N26 is a German direct bank, headquartered in Berlin, that offers its services throughout most of the... more
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