Chime, Challenger Banks And The Challenges Of (Lofty) Valuations
PYMNTS
SEPTEMBER 18, 2020
The online-only bank lets customers deposit and save money on its platform and spend using a no-fee debit card. The company said earlier this year that it had more than eight million accounts in place, as reported by the Los Angeles Times. Chime earns revenue from debit card transaction fees paid by merchants.
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