Benefits of Mastercard


Is there a particular reason Monzo use Mastercard instead of Visa? It’s something I’m genuinely interested about. Does Mastercard offer more concessions to Customers eg. with abroad usage?

( related to Monzo CEO, Investor in Monzo ) #2

they were / are very helpful

(Simon B) #3

It mostly just comes down to who offers the better deal!


Ahh, so does the bank have to buy the card issuing service as from them direct for a fee? How does a starter bank such as Monzo make a profit then, does the bank get a commission as such from Mastercard, for ‘x’ amount of money spent?