Neobanks vs. Traditional Banks: Who’s Winning the Battle in 2025?
Banking procedures have changed significantly with the inception of ‘neobanks’—digital-only banks that operate without traditional branches. Serving particular markets, mobile-centric neobanks pose a stiff challenge to mainstream banks and offer superior services at lower prices. Traditional banks, however, still dominate the market owing to their established credibility, regulatory protection, and diversified financial services range. Is…