Monzo is very heavily used in physical stores in the UK. Paytm doesn't have enough usage in the physical world apart from transferring money to friends. RBI rel

Monzo is very heavily used in physical stores in the UK. Paytm doesn't have enough usage in the physical world apart from transferring money to friends. RBI releases bank usage every few month, here is a link to see statistics https://rbi.org.in/Scripts/ATMView.aspx https://rbi.org.in/Scripts/ATMView.aspx. Monzo is the standard bank account of a lot of millennials. I could see something like Monzo making it big in India, being an Indian living in the UK.