Fintech Weekly Deep Dive — India's Neobank Reckoning & Global Payments Shift | Week of March 29 – April 05, 2026
Fintech Weekly Deep Dive — India’s Neobank Reckoning & Global Payments Shift | Week of March 29 – April 05, 2026 Executive Summary This week’s fintech narrative is defined by a structural reckoning in India’s neobank sector and a parallel transformation in global payments infrastructure. India’s prominent neobank Fi announced the wind-down of its banking services after nearly four years of operation in partnership with Federal Bank, directing over 3.5 million customers to migrate to the bank’s native app. This development — coming just months after Fi raised $137 million — signals deeper fractures in the Indian neobank model that relies on banking-as-a-service partnerships rather than owning a full banking license. ...