My comment was more about a child card being low overhead. The card may not get off used for a while month so less chance of fraud, chargebacks etc. “Easy money” for Monzo. Of course I don’t know if my kids profile matches the majority.
Regulation stifles innovation without a doubt.
Monzo have previously said maybe it was a mistake in getting it.
It’s not a case they didn’t want to create them. They wanted to focus on their core product which was understandable, it was put on the back burner but never got looked at again like a lot of their projects.
Do you have a source?
I’ll try and find one it was their COO looking back from memory but also Tom himself I think on podcast. It wasn’t that long ago.
Edit: here’s one
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