In the current technologically advanced era, opening a bank account is as simple as just making a few swipes on your smartphone. Eventually, banks and other fintech startups are coming up with many new ways to make this possible. Berlin-based N26 is one such company that lets users manage their bank account entirely from a smartphone.
In a recent development, N26 has announced that it serves 3.5 million customers across 24 European markets. Well, the bank is now processing 16 million transactions per month, which averages at 400 transactions per minute. And, the transaction volume is touted to be over €2 billion per month.