Community Banking and Fintech
The largest neobank in the U.S. is Chime, which has grown to ~13 million accounts by offering no-fee banking. Unlike many “traditional” banks, Chime makes no money through exploitative fees. (Instead, Chime makes money primarily through interchange—essentially the amount merchants have to pay Visa and Chime when they accept a credit or debit card.)
Rex Woodbury • Squid Game and the Consumer Fintech Revolution
partner with banks that ultimately issue cards to customers and acquire merchants. In