Online Virtual Cards

[alexs (Alex Sherwood)]

Potentially yes

Jonas mentioned how instant issuing could work a while ago in a podcast - for a slightly different use case but obviously the technology is the same -

@alexs

Jonas describes a very cool sounding process that Monzo could possibly build once the full banking license has been granted where:

Someone wants to transfer £20 to their friend but doesn’t have their bank account details…

The user could send them a link which allows them to enter their account number & sort code.
Or
The site invites the person to open a Monzo account with a £20 balance, a virtual debit card is created instantly & loaded into their Apple / Android Pay wallet & they can then immediately buy something with it or withdraw the money from a cardless ATM