Best of the week: neobank for Latinos, how to open bank account in India, top 10 stablecoins

We’ve gathered some of the best and most interesting articles over the last week.

1. How to open a bank account in India

Financial inclusion has been a pain point for the Indian government for many years. Weak infrastructure in rural areas is the main factor determining the lack of access to formal banking services. The absence of financial literacy among the local population is another crucial downside.

This way, we’re going to test how easy it is to open a bank account in India and explain this process step by step.

2. Here’s how many people started freelancing over the past year

Nearly 1 in 5 freelancers (19%) are now self-employed as a side-hustle alongside an employee position.

PaySpace Magazine considers that the freelance work model has already become a ”new normal” after the COVID-19 outbreak. This way, while searching for a job, people are likely to choose those companies that offer a hybrid work schedule to combine it with freelance tasks.

3. UK economic forecast 2021: what’s coming next?

Being a pioneer in the industrial revolution of the nineteenth century, the UK still retains its economic prowess in the world. Although other emerging nations are gradually overtaking their place in terms of absolute economic production, the UK along with its western partners is expected to retain its prominence for the decades to come.

4. Latino-oriented neobank is rolled out in the US

Fortú has announced the launch of its digital bank account focused on Latino and Hispanic US residents who remain underserved by the “one size fits all” approach of traditional financial institutions.

PaySpace Magazine anticipates that due to the fact that the number of underbanked minorities is still high, banks are likely to introduce similar initiatives in the nearest future.

5. Top 10 stablecoin tokens

The recent hype around cryptocurrencies may have started with Иitcoin’s bullish run. However, BTC is not the only crypto that is hitting the headlines. Due to their high institutional adoption and regulatory approval, stablecoins are on the rise today.

Here is the list of the most valuable stablecoins in the market, listed by their market cap in descending order.

6. Gen-Z consumption trends unveiled: survey

According to JD.com, Gen-Z had the highest growth rate in online shopping turnover in 2020, at 23% higher than the average growth rate of the entire platform.

PaySpace Magazine suggests you take a look at the best ways to save up your money.