Singapore Fintech Atlantis Introduces Digital Bank in India
Singapore based Fintech firm Atlantis has reportedly launched a digital bank in India. The company’s business aims to target the estimated $15.7 billion global Millennial banking market.
The neobank will mainly focus on serving Millennials (people born around 1980 to 1996) and Gen Z (born in the late 1990s to mid-2000s) consumers. The banking sector for younger consumers is expected to grow by nearly 80% by 2025, and could be valued at over $27 billion.