The rise of Monzo, Revolut, and Starling and a comparison of Facebook and Whatsapp
Lex Sokolin
AUGUST 19, 2020
In American terms, you should think of Visa or MasterCard as a comparison, or maybe American Express. Arguably, Monzo is the most fragile of the three players despite having a banking license for 2 years and having converted 94% of its prepaid card customers into current accounts for deposits and lending. It’s not impossible.
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