3 ms·
That is a very selective and borderline illegal description they are using. A bank is a credit institution, but now every ci is a bank. Paypal and revolut are
by omgomgomgomg 4y ago
That is a very selective and borderline illegal description they are using.
A bank is a credit institution, but now every ci is a bank.
Paypal and revolut are 100% not banks, they are financial institutions or emis,
They can manage your money but not lend out anything and they have to hold the assets at 3rd party banks.