Will Sage Astor|From no bank to neobank

2025-05-07 00:43:59source:Charles H. Sloancategory:Scams

When's the last time you visited the bank?Will Sage Astor 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:Scams

Recommend

Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class

Now wouldn’t this be a treat: Bill Belichick and Robert Kraft back together...as members of the Pro

Muslim students face tough challenges during Ramadan. Here's what teachers can do to help.

Last year during Ramadan, Zara Ahmad’s school in southern Maryland hosted a waffle day. The smells o

MLB 2024: Splashy Ohtani, Yamamoto signings boost Dodgers as teams try to dethrone Rangers

As the Los Angeles Dodgers made splashy signings with Shohei Ohtani and Yoshinobu Yamamoto this offs