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How is Monzo related? They’re still a bank and still use MasterCard.

• Nextgrid 7y ago
  When a Monzo card is processed by Stripe they can cut-out the middleman (MasterCard) and directly settle the payment between themselves.
  • bdcravens 7y ago
    I assume that represents a very tiny % of their transactions.
    • grey-area 7y ago
      Of course it does today. If you fast forward a few years and include this new stripe card it may not and as they own both ends of the transaction they could start to offer better features on transactions that don’t leave their network, incentivising both sides to use it.
      • toomuchtodo 7y ago
        Highly optimistic.
        • grey-area 7y ago
          Yes.