Support for Android Pay has been added by Monzo. It is the latest new innovation to be added by the digital challenger bank as it stirs full current accounts.
It is also the first digital wallet that the fintech has added support for.
“Our goal at Monzo is to make everyone’s financial lives easier. That can mean helping you at major milestones, like buying a house or starting a family. Or something as simple as making sure you can pay in the quickest, most convenient way possible,” stated Tom Blomfield, its founder and chief executive.
“We’re building a bank that lives on your smartphone, and with Android Pay you can now use your phone to pay with Monzo too.”
The startup boasts almost half a million users and is striving to get them all shifted from the present pre-paid card to the current account by the end of 2017. The Android Pay option, which links the Monzo account to pay with just a swipe of a phone, is only available for current account holders.
Last week, Monzo announced the changes to how it charges for cash withdrawals at ATMs located outside the United Kingdom, with more favourable modifications for current account holders incentivising clients to make the switch.
Meanwhile, Starling, the rival challenger bank announced that it is the first bank in the United Kingdom to support Fitbit Pay, in addition to Apple Pay and Android.
Despite demand, Monzo has not yet indicated when it might add similar support for iPhone users with Apple Pay.