As we wave goodbye to the prepaid card and more people than ever start using current accounts, the next step is to work towards building Monzo into a sustainable business. Find out how this will shape our plans and priorities in 2018 and beyond, as we work to achieve our mission to build a financial control centre for one billion people.
Share your thoughts and questions with our CEO Tom Blomfield as he talks about the biggest challenges and most exciting opportunities ahead.
Topups cost money, and card swipes make money, so by removing the need for topups, and increasing the chances of people using Monzo for more purchases, the economics improve considerably.
That was genuinely interesting. Doubt the Barclays CEO says w**nky in public tho
Question though. Is the difference between prepaid and migrated accounts not to do with the introduction of foreign ATM limits and charges? That would have been at around the same time