Fast-growing British digital bank Monzo is launching in the United States throug...
NEW YORK/LONDON - Fast-growing British digital bank Monzo is launching in the United States through a limited rollout of its app-based checking account and connected debit card, it said on Thursday.Monzo will make available a few thousand cards at in-person sign-up events over the next weeks in cities including Los Angeles, San Francisco and New York, as it seeks to replicate the word-of-mouth support that boosted its UK launch, it said.
“We are taking it slow to start with,” Blomfield said. “We want to understand how U.S. consumers think and feel about their money.” Monzo, which was founded in 2015 and is valued at more than 1 billion pounds , is one of Europe’s best-known “neobanks” that have launched in recent years to compete with established banks by offering more user-friendly digital services.
The bank has seen rapid success in winning customers from the six large incumbent banks in Britain such as Lloyds and RBS, although many customers have yet to switch their monthly pay checks to Monzo.In the United States, it will face competition from incumbent banks and their digital offshoots, as well as banking startups such as Chime and Varo Money, and other financial technology companies that have recently launched checking accounts.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
UK leadership contest steps up a gear ahead of first round of votingThe race to succeed Theresa May as leader of the ruling Conservative Party and prime minister enters a new phase on Thursday with Tory members of parliament (MPs) set to have their first vote for their preferred candidate.
Baca lebih lajut »
Boris Johnson takes strong lead in race for next UK leaderBoris Johnson took a commanding lead Thursday in the contest to become Britain's next prime minister, winning by far the largest share of support in first-round voting by Conservative Party lawmakers. Johnson, a former foreign secretary and leading Brexit campaigner, secured 114 of the 313 votes
Baca lebih lajut »
Boris Johnson takes strong lead in race for next UK leaderBoris Johnson leads in contest to become Britain’s next prime minister after securing 114 of 313 votes cast in first round by Conservative lawmakers
Baca lebih lajut »
UK insurer Legal & General picks Amazon for first pensions blockchain dealBritish insurer Legal & General has teamed up with Amazon to establish what it s...
Baca lebih lajut »
Boris Johnson is making promises he cannot keep, says UK leadership rival StewartBoris Johnson is making promises over Brexit he will not be able to keep if he w...
Baca lebih lajut »
UK maritime safety body investigating 'incident' in Gulf of OmanAn oil tanker managed by Bermuda based shipping company Frontline suffered a fire on Thursday morning while sailing through the Gulf of Oman, a spokesman for the company told CNN on Thursday.
Baca lebih lajut »