Is Cashfree Payments a neo bank?


Cashfree Payments is a financial technology company that enables tech platforms including neo banks, to embed the functionality of instant bank account creation into their product by integrating with Cashfree Payments Accounts APIs. Traditionally, neo-banks don’t have a bank license of their own but count on bank partners to provide bank licensed services including bank account opening. We enable neo banking companies to open accounts for their users across various banks without having to do any direct integration with banks. In a nutshell, Cashfree Payments helps neo banks with the building blocks to build and offer digital and mobile-first financial solutions like money transfers, payments, expense management, money lending, and more.

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