The increase of neobanks
In Brazil, customers spend on average 190per cent interest per 12 months for customer loans and bank cards. Taking a look at that statistic, it becomes clear why over 25 million Brazilians have sent applications for Nubank вЂ™s on the web, branchless charge card which has had interest levels only 35% . Nubank, created by David Velez , Cristina Junqueira , and, Edward Wible recently debuted a debit choice that enables clients to withdraw straight from ATMs utilizing the software. Neobanks like Nubank are appearing across Latin America to give you customer-friendly financing and banking choices without all of the red tape.