Competitor Update 2

I found this article slightly odd, Monzo clearly are behind Starling when it comes to launching the current accounts but miles ahead, in terms of user numbers - as it says.

So to me it seems pretty unbalanced to state that Starling are ‘off to the races’ & Monzo are ‘playing catch up’ as the two key sections of the article, an article which was coincidentally published soon after Starling launched Apple Pay & they paid for advertising with the publication (though they’ve claimed that they’re unbiased)..

The idea that Apple Pay is some sort of game changer doesn’t really make sense when 350k+ users have signed up to Monzo despite it not being available. And as far as I can tell, it (& the current accounts) haven’t lit a fire under Starling’s user numbers either.

Which parts did you find insightful?

https://twitter.com/StephanieAlys/status/888004727417581568
https://twitter.com/alexwoodcreates/status/888339160075034624

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