Recently I’ve noticed a difference in the way payments for some online transactions appear in the transaction log. It seems like Monzo is trying to tie these payments to a real-world address from Google Maps, which may not necessarily either exist or be accurate.
For example, my Xbox Live subscription recently renewed. Instead of appearing as a payment to ‘Xbox Live’ with the Xbox logo, Monzo displays it as a payment to “Microsoft Campus Building 3” in Reading.
Similarly, I bought a new game on Steam the other day, and instead of appearing as just “Steam” in the log, it now shows as a payment to “Valve GMbH” for an office address in Hamburg.
In the ‘Improve name or logo’ menu, it seems that you can only select physical addresses from a map - for services like the above two examples which operate solely online, it might be a better idea to provide a curated list of “addressless” services where it doesn’t make sense to try and tie the purchase to an exact location.