americanbanker.com·May 14, 2026
The neobank expanded its multi-use card to 5 million users in the first quarter, leading to higher membership fees and increased average revenue per consumer compared to those without the card.
For someone tracking fintech and digital banking, the key insight is the significant impact of integrating multi-use cards on user acquisition and revenue. This suggests a strategic opportunity for neobanks to boost growth and profitability by expanding card offerings, thereby increasing membership fees and average revenue per user.