There’s a new way of doing digital banking in the Philippines, and it’s fittingly called the neobank. It’s gotten us rethinking our relationship with banks for three big reasons. Intrigued? Well, read on and get to know your potential partner.
First things first, what’s a neobank?
Neobanks are the evolved version of digital banks. You might be surprised, but existing digital banks in the Philippines actually maintain a few branches (though far less than traditional banks).
What makes a neobank different is that it’s only…