Digital Bank is also known as Neobank. It is a new wave of banking sector that has been adopted by most countries in Africa, especially Nigeria, South Africa and Kenya.
The main aim of digital banks in Nigeria is to digitalized the entire banking activities, however, it completely different from internet banking.

Unlike traditional banks in Nigeria, they offers internet banking, that is, they provide mobile apps to manage all you banking activities on the go, which is kind of similar to digital banking that all its activities are done online, starting from opening of account, verification of your identity, getting ATM card, performing transactions and many more. You do not need to go to any physical location or office to access your account.

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