Best Niyo Global alternatives

#1 alternative

Niyo

active

Indian forex and salary card for people who actually leave the country.

4.0

Bengaluru · 4M+ · ~$90M raised

7.1Solid

Pick Niyo for the trip. Pick a scheduled bank for the salary. Do not confuse the two in an alternatives table.

Best for: Indian travellers and NRI-adjacent users who want a forex card, not a full bank.

Licence

Forex / partner-bank

Protection

Partner-bank DICGC where a bank balance exists; forex wallets differ

Monthly

Product-dependent; forex cards often zero annual

#2 alternative

Scapia

active

Indian travel credit card. Zero forex, Federal Bank issued.

4.4

Bengaluru · 3M+ · Series B-era

7.5Solid

Scapia is the Indian travel-card answer, not a current account. Put it next to Niyo (forex prepaid) and a scheduled-bank salary account. Do not list it as a neobank deposit.

Best for: Indians who want a travel credit card with a named scheduled-bank issuer.

Licence

Credit card issued by a scheduled bank

Protection

Not a deposit account. There is no DICGC on a credit-card limit. Federal Bank is the issuer of the card.

Monthly

Nil joining / annual on the core travel card (confirm live offer)

#3 alternative

Wise

active

The mid-market FX rail everyone else is measured against.

4.7

London · 16M+ · Public (WISE)

8.6Strong

The control for cross-border. Pair with a licensed local bank for salary protection. Never describe Wise personal as a UK bank account.

Best for: Anyone who receives or sends money across borders for a living.

Licence

EMI (personal)

Protection

Safeguarded e-money at Wise Payments Limited — not FSCS. Wise’s own help: they do not lend customer balances; safeguarding is not a deposit-guarantee scheme. Local account details may sit at partner banks (US: Community Federal Savings Bank in some states).

Monthly

Free personal · Wise Business subscription optional

#4 alternative

Revolut

active

Digital bank and e-money app. Licence depends on the entity.

4.7

London · 50M+ · $1.7B raised · ~$45B val.

8.6Strong

The default comparison set for a reason. Treat the UK bank product and the e-money wallet as different legal objects, then Revolut wins most travel and multi-currency briefs. It is not the quietest home for a salary if you want a full-licence high-street feel — that is still Starling or Monzo in the UK.

Best for: People who live in more than one currency and want one app for spend, FX, and extras.

Licence

UK bank (eligible customers)

Protection

Eligible deposits at Revolut Bank UK Ltd: FSCS up to £120,000 per person (scheme cap from 1 Dec 2025; Revolut FSCS sheet). Revolut Ltd e-money is safeguarded, not FSCS (UK personal terms, 11 Dec 2025). New customers from 11 March 2026 may still be onboarded onto an EMI account with Revolut Ltd.

Monthly

Free · Plus/Premium/Metal/Ultra paid

#5 alternative

Yuh

active

Yuh is not a bank. Swissquote Bank Ltd is. esisuisse cover is CHF 100,000, shared.

Gland · Swiss all-in-one app · Swissquote (100% after July 2025)

7.6Solid

Yuh is not a bank. The English homepage says it in one paragraph: Swissquote Bank Ltd provides the banking, FINMA authorises that bank, and esisuisse cover is CHF 100,000 shared with Swissquote. July 2025 ended the PostFinance joint venture. If you already hold cash at Swissquote, do not count CHF 100,000 twice. Zak is Bank Cler. Neon sits at Hypothekarbank Lenzburg. Read those files separately.

Best for: People who live in Switzerland and want spend plus invest, and who accept Swissquote as the bank.

Licence

Fintech app — not a bank

Protection

Yuh itself is not a bank. Banking sits at Swissquote Bank Ltd, FINMA-authorised. esisuisse covers eligible deposits up to CHF 100,000. Yuh and Swissquote are one entity, so the cap is shared.

Monthly

No fees whenever possible — live list on yuh.com/en/pricing

#6 alternative

Chase UK

active

J.P. Morgan Europe Limited trading as Chase. UK bank, PRA/FCA, FSCS up to £120,000.

London · UK digital bank · JPMorgan Chase

7.6Solid

Chase UK is a bank. The legal name is J.P. Morgan Europe Limited. PRA-authorised, FCA-regulated, FSCS up to £120,000. It is a useful UK current account with honest travel spend. It is not Revolut’s multi-country stack and not a US Chase login. UK tax residents only.

Best for: UK residents who want a JPMorgan current account in an app, with FSCS, and cheap travel spend.

Licence

UK bank

Protection

FSCS up to £120,000 per depositor per bank (Chase UK FSCS page) at J.P. Morgan Europe Limited.

Monthly

£0