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Jupiter Doesn't Want To Be A Neobank. But Then, What Is It?
Jupiter also appears to have plans to apply for a non-banking financial company (NBFC) license.
06 Mar 2023, 10:25 AM IST
Since launching in June 2021, Jupiter has garnered 2.2 million users by layering a sleek interface onto good-old savings accounts from Federal Bank. While the model has been labelled neo-banking globally, Jupiter’s CEO Jitendra Gupta doesn’t quite like using the tag. “A digital financial services app” is his preferred name, Gupta said, on a video call with BQ Prime from his Bengaluru office. The somewhat clunky name is prom...
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