I’d be interested of any confirmation from Monzo on this. Is it just a beta test with some users? It’s a pretty big feature to drop with no fanfare as essentially Monzo now becomes an acquirer of sorts or at least a gateway to an acquirer
Monzo support seems to think this is a partnership with Square…
So to clarify, is this only happening in the US?
Given the screen mentions pence, I don’t think so.
The technology is available with a wide variety of providers for android globally right now.
For iPhone it’s currently available in US, Australia and Taiwan with more to follow this year.
Monzo mentioned in an investor update they’d bring this to market but they didn’t say when.
Monzo will likely use a partner such as Stripe to enable this. It will likely be Android first in the UK with iOS to follow later in the year.
They’ve already launched with Stripe in the UK, for Android at least. so it would make sense to do the same when Tap to Pay launches for iPhone later this year in the UK
As I said. In app support doesn’t have any idea about this. Is there any confirmation from Monzo that they have launched this ?
The same mate who sent me those screenshots did test it, worked fine, could just be a soft launch though
Support, mostly frontline, don’t usually see or hear of the beta stuff being pushed out, so I’m not surprised unless they are proactive in looking at internal channels.
Just because they don’t know about it, doesn’t mean it don’t exist,
Think it’s with Stripe, as that’s the underlying PSP for business accounts to sign up to
Yes I understand that. Just was mentioning it.
“Finally”, etc.
I did say soon
I wonder if this is why Monzo had started implementing it? Because they knew it was coming. So many levels of suspicious.
Revolut were quick.
Needs Stripe to do it’s bit first
Yeah, Revolut use a different platform
Although I honestly would not see this see the light of day for normal accounts, like you said this would be really cool.
Example, if my friend owed me let’s around £20 for a meal at the restaurant, instead of getting their phone out and transferring the money they can just tap their phone or card.
While this sounds great, the only caveat is if chip and pin is required then we are kind of out the question.
Did you read the article? It’s Apple Pay this will never be a thing.
It’ll be interesting to see how this pans out in real life.