Features, Benefits and How it Works
Niyo is an Indian fintech company that offers digital banking solutions tailored to meet the needs of modern consumers, particularly those seeking a more convenient and efficient way to manage their finances.
Launched with the goal of simplifying banking and enhancing user experience, Niyo provides a range of services, including digital savings accounts, forex cards, and salary accounts, all accessible through a seamless mobile app. The platform is designed to make banking more accessible and transparent for individuals, blending cutting-edge technology with user-centric financial tools.
Moreover, Niyo stands out for its innovative approach to international travel and expense management, offering Niyo Global Cards, which allow users to transact in multiple currencies without the high fees often associated with traditional banking products. These cards come with real-time currency conversion rates, making it easier for travelers to manage their finances abroad.
Likewise, the Niyo app integrates various smart features, such as instant account opening, real-time transaction tracking, and detailed spending insights, empowering users to manage their money effectively. Niyo is also known for its financial products tailored for employees, offering salary accounts with added benefits like higher interest rates, zero balance requirements, and exclusive discounts.
Overall, with a strong focus on customer convenience, security, and transparency, Niyo operates without hidden fees and emphasizes user education through tools that help individuals understand and control their financial habits. By leveraging technology to offer fast, efficient, and customer-friendly services, Niyo is playing a key role in the digital transformation of banking in India, providing a reliable and innovative alternative to traditional banks.
Founded: 2015
Headquarters: Bangalore, India
Users: +5 million
Countries available: India
Account plans: prepaid debit card for personal users