70% of Indian youth are inclined towards digital banking
Digital Banking FinTech Startup Neo has launched 2-in-1 account NiyoX. In this, customers will get ‘007 banking’ facility.
In addition to the latest mobile app under NeoX, a Visa Platinum Debit Card is being given with an account. By the end of 2021, the target is to connect 2 million customers with NeoX. For this facility Neo has partnered with Equitas Small Finance Bank and Visa.
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Offers like referral incentives, reward points and cashback via scratch cardNeoX is a 2-in-1 account, in which customers get the benefits of the entire wealth management suite along with the savings account. Wealth Management Suite includes features like 0 commission mutual funds, the facility to monitor all investments from one place as well as the facility to invest the remaining amount. NeoX will also offer a multi-layered reward system. There will also be exclusive offers along with cashback through referral incentives, reward points and scratch cards.
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70% of Indian youths lean towards digital banking
Before starting NeoX, Neo had conducted a survey on 8000 youth across the country. What are the banking needs of youth after the Kovid-19 epidemic, it was understood from this survey. This study showed that 70% of the Indian youth is inclined towards digital banking and the main reason for this is the convenient services offered to the customers. In the survey, 55% people said that they can change their bank for rewards and offers. At the same time, 45% people were willing to change the bank for higher interest rate.