As we have started to go out to restaurants in groups again - we are facing the same irritation of checking through the bill and mentally calculating our share (which can easily be miscalculated after a drink or two). Monzo’s bill split feature is great for one person paying for the group - but then they have to calculate all the individual charges by person.
I’ve taken to using an app called ‘snap and split bill’. You take a picture of a receipt, at which point the software accurately breaks down all items in that receipt. From here you can assign each item to your friends, and easily see what they each owe in total.
If Monzo were to buy this software or create a version of it themselves (and integrating with existing bill split), I believe they would be onto a real winner.
It would raise revenue by:
Making Monzo premium/ plus more desirable by its inclusion
Increasing interchange fees as the person who has this feature with Monzo will likely be responsible for paying for all dinners out for the rest of the group.
What would Monzo / people on this forum think of such a bill scanning feature?