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To be fair, Monzo isn't either. They don't have any of their own infrastructure yet, it's just a third party rebranded prepaid card.
by martinald 9y ago
To be fair, Monzo isn't either. They don't have any of their own infrastructure yet, it's just a third party rebranded prepaid card.
- lylo 9y agoThat's not true. They recently received a banking license (https://monzo.com/blog/2017/04/05/banking-licence/ https://monzo.com/blog/2017/04/05/banking-licence/) and they have built their own platform (https://monzo.com/blog/2016/09/19/building-a-modern-bank-backend/ https://monzo.com/blog/2016/09/19/building-a-modern-bank-bac...).
- richardknop 9y agoBut monzo card is still just prepaid debit card. You don't get a current account. That might change later this year when they roll out current accounts but for now it's just simple prepaid/travel debit card with mobile app. Also not sure they have switched from WireCard yet? Last time I heard they have not switched all of their existing users to their own platform but perhaps they managed the transition already?