NeoBanks

Neobank market in Mexico to watch in 2020

ūüá≤ūüáŬ†#Mexico¬†has a consumer¬†#Fintech¬†adoption rate of 72%, among the digital active population, The median age in Mexico is 28, while 41% of the population is 25 to 54 years old, creating a wide base of young costumers to which¬†#NeoBanks¬†can cater.


In addition to its under-banked conditions, Mexico is a prime #market for Neo Banks due to its favorable regulatory landscape and consumer demographics as Mexico enjoys an exceptional demographic bonus of millennials, who love immediacy and online services.

Klar, albo, Nelo, Mibo, Fondeadora, Swap, Bnext, Broxel, Flink México, Oyster Financial, Inc.

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