Home > Industry > Aussies Give Thumbs-Up To New Range of ‘Digital Banks’

Aussies Give Thumbs-Up To New Range of ‘Digital Banks’

Australians are increasingly looking to move their financial affairs from the big four traditional banks to the new class of smaller “digital banks”, according to a new Nielsen survey.

Among the 2.1 million Australians aged 18-plus who are looking to change their main financial institution, 67pc are big-four customers –  with 16 percent looking to change to digital banks such as ING, ME Bank or UBank.

“This represents a five percentage point increase from June 2017 to June 2018,” Nielsen says.

It says neobanks have no bricks-and-mortar branches, no service centres,  and sometimes not even a desktop banking option – making them purely mobile



You may also like
Aspera Launches Nitro 2 Smartphone
Australians Are Becoming More Interested In Smart Homes
Hubbl Coming To Australian Retailers Soon
Should The CEO Of Network Ten Be The First To Be Dumped By Paramount?
Vodafone Customers Suffer Service Outage