Monzo has begun letting its card customers access Apple’s monthly installment payments offering. The U.K. digital lender announced Tuesday (Sept. 17) that it is launching a credit card feature that lets customers choose monthly payments before completing their purchase online with Apple Pay when using the bank’s credit card product...
For platforms and neobanks, establishing direct deposits with end users offers an on-ramp to cross-selling opportunities and a wealth of additional revenue streams. The momentum has been underscored in recent earnings reports and announcements surrounding new products and services. The automated transfer of funds into...
British digital bank Monzo says it has more than 10 million personal customers. This milestone, announced Tuesday (Aug. 6), comes weeks after the company reached its first full year of profitability and amid an increasing embrace of connected banking. “What a milestone to add to...
British digital bank Monzo is launching a free account for children under 16. The bank on Wednesday announced the waitlist for Monzo for Under 16s, designed to offer money management tools to kids between the ages of 6 and 15. “The account gives children the...
August 08, 2024
For platforms and neobanks, establishing direct deposits with end users offers an on-ramp to cross-selling opportunities and a wealth of additional revenue streams. The momentum has been underscored in recent earnings reports and announcements surrounding new products and services. The automated transfer of funds into those accounts — often through an accountholder’s paycheck — offers […]
December 13, 2023
Beyond the card networks, among those that may feel the squeeze should cross-border interchange fees see new caps in the United Kingdom are neobanks. As reported Wednesday (Dec. 13), the...
August 18, 2022
Amid soaring inflation and rising food and fuel prices, terms like financial literacy and spend management have emerged as some of the biggest buzzwords in recent months. The concept is...
July 31, 2022
The U.K. is home to popular digital-first challenger banks valued at over $1 billion such as Monzo, Revolut and Starling. Zopa, another British FinTech which has been around as a...
October 16, 2024
British neo-bank Monzo says it now has more than 500,000 business customers. And with that milestone, the company announced Wednesday (Oct. 16) a new plan for “bigger small businesses” called Team, designed to give business owners more control over their financial management with less expense administration. TS Anil, Monzo’s CEO, said in a news release […]
September 17, 2024
Monzo has begun letting its card customers access Apple’s monthly installment payments offering. The U.K. digital lender announced Tuesday (Sept. 17) that it is launching a credit card feature that lets customers choose monthly payments...
August 06, 2024
British digital bank Monzo says it has more than 10 million personal customers. This milestone, announced Tuesday (Aug. 6), comes weeks after the company reached its first full year of...
July 17, 2024
British digital bank Monzo is launching a free account for children under 16. The bank on Wednesday announced the waitlist for Monzo for Under 16s, designed to offer money management...
