ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Finance

Rise of online finance pushes banks to cut branches worldwide

56,000 locations closed in 100 countries over the past decade

U.K.-based Revolut is among the virtual banks encroaching on the turf of traditional financial institutions.   © Reuters

TOKYO -- Banks around the world have significantly scaled back their bricks-and-mortar infrastructure, as the growing popularity of low-cost online banking forces a rethink of their business model.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more