The demand for a seamless banking experience is high in the evolving finance landscape. Neobanks are pioneering the new era of financial accessibility. The global neobank market is expected to grow to USD 3,406.47 billion by 2032. Neobanks have various revenue-generating streams that make them a profitable business. A significant portion of the income comes from interchange fees when customers use credit or debit card transactions. For example, Varo earns 98% of the revenue from its transactions. Additionally, neobank platforms earn through the subscription and premium plans to provide enhanced features. Some neobanks engage in partnerships and referral programs, earning commissions by directing customers to third-party services. Embrace the best neobank app development services to reap the benefits of transformative shifts in the financial sector.
How do Neobanks make money?
- Thread starter abirami
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