Challenger banking app Monzo, which allows customers to use a cash-card, track spending habits and access quick currency exchanges, could expand into the US. The app is only available in the America. In UK, no new banks have surfaced in the last 10 years, according to Monzo's chief Tom Blomfield. It's thought if the company decides to go ahead with the venture it will be when the company reaches profitability - likely by 2019 or 2020.
Challenger banking app Monzo, which allows customers to use a cash-card, track spending habits and access quick currency exchanges, could expand into the US. The app is only available in the UK. In America, no new banks have surfaced in the last 10 years, according to Monzo's chief Tom Blomfield. It's thought if the company decides to go ahead with the venture it will be when the company reaches profitability - likely by 2019 or 2020.