Recent years have seen a rise in the popularity of neobanks. In a country where fintech is growing rapidly, Neobank stands out as a key player. The growing popularity of fintech products can be attributed to their convenience, 24/7 service of money transfer, and ability to fill in the gaps left by traditional banks.
So what exactly are neobanks?
Some people use the words neobanks and digital banks interchangeably, but the fact is they aren’t the same. Neobanks are digital banks completely providing their services online whereas digital banks are an extension of traditional banks used to expand their services.
GSTechnologies (LON:GST) overall development of the group includes large customer accounts and growing their blockchain payment and financial services business, with blue sky opportunities in new Disruptive Technologies with synergy to their existing business.