What is a Virtual Bank and Why it is so Popular?
What is a Virtual Bank and Why it is so Popular?

What is a Virtual Bank and Why it is so Popular?

Traditional bank
Neobank
E-wallet
Crypto bank
Debit card
Virtual Card

The popularity of smart gadgets and the advancements in internet technology have contributed significantly to the transformation of the banking industry.

Also, the changes in consumer behaviour, especially since the COVID-19 pandemic, have resulted in a significant rise in the number of virtual banks. As a result, many customers are choosing virtual banking over traditional banking.

Are you interested in learning about virtual bank accounts? If so, you have come to the right blog post. In this article, we will tell you the meaning of virtual banking, what virtual banks are, how they operate, and how they differ from conventional banks.

Ibrahim Busari
Ese Precious
Ese Precious
Ese Precious