Archives

May 31, 2022 @ 12:27 pm By Omar Faridi  |  

The team at Fintech Monzo notes that you can now send funds abroad from your Monzo Business account. Monzo confirmed that they have partnered with global Fintech firm Wise (LSE:WISE) in order to give clients a simple, affordable way to send funds overseas. The money… Read More

January 14, 2022 @ 8:56 am By Omar Faridi  |  

UK-headquartered digital bank Monzo reveals that they’re opening up their Open Banking-powered gambling block to “all Open Banking providers, following a pilot last year with Truelayer.” As mentioned in the update from Monzo, this extension will let all licensed UK Open Banking firms to “integrate… Read More

December 29, 2021 @ 11:17 pm By Omar Faridi  |  

Fintech firm Monzo notes that you can now choose to set your contactless spending limits “to levels you’re comfortable with.” Or you may choose to turn contactless off completely if you want to, the team at Monzo writes in a blog post. In October 2021,… Read More

December 5, 2021 @ 2:30 pm By Omar Faridi  |  

Mobile banking app N26 recently confirmed that they’re getting ready to close down all US accounts in January 2022. As noted in a blog post by UK-based Fintech Monzo, this decision has “left many customers looking for a replacement that offers easy mobile banking, low… Read More

November 26, 2021 @ 10:18 am By Omar Faridi  |  

UK-based digital bank Monzo notes that since bringing clients a better way to pay later with their new product, Monzo Flex, they have seen significant demand from customers asking to be among the first to use it. Monzo is now inviting people who’ve asked for… Read More

November 7, 2021 @ 2:23 pm By Omar Faridi  |  

The team at UK-based digital bank Monzo has shared how they are working towards net zero carbon emissions. As noted in a blog post by Monzo: “We are in a climate crisis. Everyone has a responsibility to act, and take decisions that will support a… Read More

November 1, 2021 @ 2:50 pm By Omar Faridi  |  

UK-headquartered digital bank Monzo notes that you can view all your scheduled and recurring payments in a single place within the Payments tab of your Monzo app. The team at Monzo writes in a blog post: “We know that tracking your future payments and ensuring… Read More

October 17, 2021 @ 6:21 pm By Omar Faridi  |  

The team at UK-based digital bank Monzo notes that beginning on October 14, 2021, they have  increased the limit for contactless card payments “from £45 to £100.” So the Fintech firm’s clients can carry out single payments of “up to £100” using their contactless Monzo… Read More

October 8, 2021 @ 8:18 am By Omar Faridi  |  

You can now invest commission-free with Freetrade, thanks to a new offer that’s currently available only with Monzo Plus and Monzo Premium. The Monzo team writes in a blog post that investing can be “a good way to grow your savings over the long-term.” That’s… Read More

October 4, 2021 @ 8:03 am By Omar Faridi  |  

UK-based digital bank Monzo has reportedly been forced to abandon its efforts to secure a US banking permit, after an unsuccessful 2-year engagement with regulators. In a statement, Monzo‘s management stated after their recent discussions with the OCC (Office of the Comptroller of the Currency),… Read More

September 27, 2021 @ 7:49 am By Omar Faridi  |  

UK-based digital bank Monzo notes that clients have been able to pay Direct Debits and “standing orders” from a Pot for a while, and now customers may complete card payments as well  – including via Apple Pay and Google Pay. As explained in a blog… Read More

September 20, 2021 @ 2:22 pm By Omar Faridi  |  

UK-based digital bank Monzo says that it already makes it easy for clients to manage their spending and ensures that they have funds set aside for settling bills and adding to their savings. Monzo, which is under investigation for possible money laundering activity and posted… Read More

September 12, 2021 @ 7:27 pm By Omar Faridi  |  

UK-based digital banking platform Monzo, which is under investigation for possible money laundering activity and posted £130m in losses, is reportedly planning to enter the fast-evolving Buy Now, Pay Later (BNPL) sector. As first reported by the Evening Standard, two different sources noted that the virtual… Read More

August 28, 2021 @ 7:42 am By Omar Faridi  |  

Monzo USA recently revealed that you can move money to and from your other accounts – a feature that’s currently in Beta testing. From August 24, 2021, digital bank Monzo clients have been able to connect their other non-Monzo accounts to their Monzo account. Clients… Read More

August 16, 2021 @ 9:27 am By Omar Faridi  |  

UK-based digital bank Monzo notes that getting paid can be fun, but quite often, what “goes on behind the scenes isn’t.” According to Monzo’s blog post, if anything, getting paid may “take the fun out of business fundamentals.” Monzo, which is currently the subject of… Read More

July 31, 2021 @ 2:40 pm By Omar Faridi  |  

UK-based digital bank Monzo is currently facing a civil and criminal money-laundering investigation that is being carried out by the Financial Conduct Authority (FCA). Monzo‘s management disclosed these details in its annual report that was released on Friday (July 30, 2021). For the second straight… Read More

July 8, 2021 @ 8:41 am By Omar Faridi  |  

UK-based digital banking platform Monzo has teamed up with Wise (previously dba TransferWise and now having completed a direct listing on the London Stock Exchange (LSE) on its Main Market) in order to provide clients with a simple and affordable way to send funds overseas…. Read More

May 16, 2021 @ 3:04 pm By Omar Faridi  |  

Digital bank Monzo has introduced new and improved invoices on Business Pro. The team at Monzo notes that they’ve made in-app invoicing “better” in order to give users more time “for what really matters (like running your business, being with family, or queuing for an… Read More

May 10, 2021 @ 7:07 am By Omar Faridi  |  

Fronted, the rental deposit lending company, has reportedly secured more than £1 million as part of a debt and equity deal, which increased the firm’s total funds raised to £2 million. Co-founders of UK-based banking challenger Monzo, Paul Rippon and Gary Dolman, who were serving… Read More

May 6, 2021 @ 11:03 pm By Omar Faridi  |  

UK-based banking challenger Monzo notes in a recent product update that it’s now possible to send a payment reminder to someone you may have split a bill with (via the Fintech firm’s app). The Monzo team noted in a blog post: “As of today (May… Read More