19 Nov 2019
Financial Institutions
Digital-only banking is a banking business in the modern age that can be categorized into two types based on business models, which aim at different groups of customers: First, digital-only banks which focus on servicing low to medium income earners who face certain limitations in accessing financial services (Digital-Only A). Second, digital-only banks with customers overlapping with those of commercial banks, and the digital-only banks aim to become an alternative for customers to expedite transactions with lower transaction costs (Digital-Only B).... Read more
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