List of Popular Neobanks In India 2021-22

List of Popular Neobanks In India 2021-22

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Jupiter

In collaboration with Federal Bank, Jupiter Money offers a no-fee, zero-balance savings account. It was established by people you can trust, including Jitendra Gupta, the CEO of Citrus Pay, which he sold in 2016.

You can acquire a free VISA Signature debit card from Jupiter with no joining or annual fees. It also gives 1% cashback on debit card and UPI purchases from approved merchants, as well as 5% cashback on foreign transactions (3.5 percent forex charges).

Fi Money

Fi Money

To provide financial services in the country, Fi Money has collaborated with the same Federal Bank. The neobank was developed by Sujith Narayanan and Sumit Gwalani, co-creators of Google Pay, and is primarily targeted at salaried millennials and working professionals.

The app includes a zero balance feature, a smart savings account, and a variety of additional features to assist you in better managing your finances. To name a few benefits, Fi Money offers a card with no foreign exchange markup, the ability to withdraw money from any ATM, and transparent prices. Interest is paid on Fi Savings Accounts at a rate of 2.5 percent.

OcareNeo

OcareNeo

OcareNeo is the first healthcare neobanking application in the United States. To provide a smooth experience for both healthcare professionals and patients, the platform combines two domains: banking and healthcare. It enables one-tap access to medical histories via QR codes. It also comes with a digital piggy bank and virtual cards for keeping track of medical bills. You’ll also get e-insurance and be able to keep track of everything on a single dashboard. All you have to do now is sign up and get started.

Niyo

Niyo

Niyo, a neobank founded in 2015, services over a million users from a variety of industries, as well as Indians who travel worldwide. Niyo devised solutions to help salaried people get the most out of their pay because the neobank was founded with them in mind. Niyo now assists customers in making informed and secure international purchases. Users can use the bank’s digital platform to pay bills, transfer funds, make online purchases, access ATMs anywhere in the world, and track their spending habits, among other things. The Niyo team, which numbers over 800 people, is made up of bankers, young technocrats, and people with strong topic understanding.

ZikZuk

ZikZuk

ZikZuk is a neobanking platform that aims to provide a financially viable and scalable environment for small businesses. It gives entrepreneurs the resources they need to make data-driven decisions. Founders can use the platform’s credit cards to achieve the best credit possible, collect rewards, and assess AI-generated reports. It also allows businesses to meet their credit needs swiftly with the Unsecured Credit on Card facility and improve efficiency with connected banking.

The Business Finance Manager tool from ZikZuk assists SMEs in focusing on growth and gaining better financial insights.

North Loop

North Loop

North Loop is a global financial platform that offers banking and investment services. This software can help you open new accounts in different nations, get credit, and manage your funds in India. North Loop is a financial platform that provides banking and investment services to a global audience. The programme eliminates the difficulties that people have while opening accounts in different countries, getting credit, and managing their funds in India. North Loop is a neighbourhood that caters to both individuals and businesses. North Loop t provides invoicing, cash management, payment gateway, virtual accounts, expenses, vendor payments, and payouts, to name a few products and services.

RazorpayX

RazorpayX

RazorpayX is the neobanking platform of Razorpay, India’s newest unicorn, which is expected to be worth $1 billion by 2020. RazorpayX is a neobank that offers SMEs and startups credit cards and transactional services, allowing them to accept B2B payments from clients and pay vendors. You may create and manage fully functional current accounts with RazorpayX. RazorpayX Current Accounts feature standard banking services such as a debit card, account statements, and a chequebook. The platform includes API banking, analytical reporting, and approval workflow. RazorpayX allows e-commerce businesses to quickly issue refunds to credit cards, bank accounts, and UPI Ids.

InstantPay

InstantPay

InstantPay’s full-stack financial services are available to individuals and businesses of all sizes. A million transactions are projected to take place every day at the bank. With its personal, commercial, and inclusive banking solutions, InstantPay provides quick activation, money tracking, and cash deposit capabilities. Customer care is available 24 hours a day, 365 days a year at InstantPay Neobank.

InstantPay is a web-based and mobile-based payment service. Its API banking platform is a cloud-based system that can scale from zero to one million transactions per day. InstantPay is a digital account that anybody may create, making it a viable alternative to wallets and traditional bank accounts.

List of Neobanks by Traditional Banking Institutions 

List of Neobanks by Traditional Banking Institutions 

Banks aren’t far behind fintechs when it comes to developing creative solutions. Banks that have a substantial customer base have taken on the responsibility of delivering superior banking options, including neo banking for the millennial generation.

Kotak 811

Kotak 811 is a new generation bank account that Kotak Mahindra Bank has introduced. It’s the country’s first zero-contact savings account, with just a video KYC to open.

Digibank

Digibank, which began operations in 2016, provides customers with a fully online savings account that includes quick onboarding, more manageable payments, better security, and rewards. They feature a Universal Banking Remote that allows you to connect your bank accounts to digibank and use the Soft Token that is built in for safe login.

SBI Yono

SBI, India’s first and oldest bank, offers a variety of corporate financial services through Yono’s neobanking app. Whether it’s Corporate Internet Banking, Cash Management, Supply Chain Finance, eForex, or eTrade, we’ve got you covered.

Original news source Credit: www.goodreturns.in



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