The latest news about Monzo now being able to restrict payment recipients based on blocks imposed by the account holder (gambling etc) got me thinking over the weekend. I think one of the reasons people do not donate to homeless people is because they are concerned about the way that money would be spent. I wondered if there is an opportunity here for Monzo to work with charities/organisations for the homeless to assign a card to a recovery plan, restricting the use of that card to transactions in line with the plan. People/the organisation could load funds against those plans and have confidence that they would be spent correctly. It seemed to be an incredibly positive way to use functionality like this, and could also help people to build up a profile of decisions equivalent to a credit profile.
Interested to see what you think!