While savings are core to banking , few traditional banks encourage micro - savings . According to a report by EY ; adding low - value and goal - based savings products can create a savings habit which will prove beneficial for payment banks . Aside from micro - savings , the report highlights many probable models as alternative savings models for payments banks , including providing an alternative method of credit assessment and the re - selling of financial services to their user base .
While savings are core to banking, few traditional banks encourage micro-savings. According to a report by EY; adding low-value and goal-based savings products can instil a savings habit which will prove beneficial for payment banks. Aside from micro-savings, the report highlights five probable models as alternative revenue streams for payments banks, including providing an alternative mode of credit assessment and the cross-selling of financial services to their user base.