With PSD2 being enforced from September this year and therefore the increased number of online transactions requiring some form of 2FA, will Monzo 
introduce something similar to Amex?
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Is the code becoming mandatory?
It sounds like it’s going the way UnionPay works - requiring verification for online shopping.
From what I understand yes.
Online transactions over €30 (£30?) will require Strong customer authentication (SCA) / 2FA with a few exceptions. Exceptions around the level of fraud and subscripts (RCP). Also every 5th low value transaction will require SCA.
Customers can maintain a whitelist to skip 3D secure which is what Amex is offering. Would be good if Monzo did the same.
I can imagine if you shop online at the same place (Amazon ?) going through SCA would waste a lot of time.
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