TNPSC Thervupettagam

Ace Money Neobank

April 29 , 2021 1309 days 1049 0
  • Aceware FinTech Services launched Kerala’s first neobank called Ace Money Neobank.
  • It has joined in partnership with YES Bank and ICICI Bank for this.
  • Aceware is a Kerala-based fintech services company.
  • The services of Ace Money Neobank are available at all the panchayats in Kerala.

Neobanks

  • It is a kind of digital bank, entirely online instead of being present physically at a specific location.
  • Chqbook (Chqbook.com) - India’s first Neobank for small business owners like kiranas, merchants, chemists, and others running proprietorships.
  • FamPay - India’s first Neobank for teenagers.
  • Finin - India’s first full-fledged consumer neobank.

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