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?
they were / are very helpful
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?