Published: Thu, May 17, 2018
Industry | By Terrell Bush

Banking Newcomer Monzo Now Supports Apple Pay

Banking Newcomer Monzo Now Supports Apple Pay

The Ukrainian Finance Minster announced the news on Facebook.

Monzo launched three years ago, with banking restrictions enabling the app-based company to offer current accounts last April.

Monzo apologised for the rollout taking so long, noting it had been "by far the most requested feature" over the past few months. Better late than never, naturally. It can be done using Apple's Wallet app, or by opening up the Monzo app. The upstart bank, which usually makes a virtue of its community-driven approach and transparency hasn't been able to say (or even fully acknowledge that the feature was coming), likely because Apple imposes strict rules on the ways its partners communicate working with the tech giant.

If you open up the Monzo app on your iPhone, it'll now give you an option to add the card directly to your wallet there. Monzo customers can find out more details here. "Apple is famous for building attractive products with simple, intuitive interfaces".

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Apple Pay allows customers to pay at brick-and-mortar stores just by tapping their phone to the merchant's contactless terminal.

Apple Pay is an easier, safer way to pay in stores, in apps and online, with the Apple devices you use every day. That's because the digital bank is now listed as a supported financial institution on Apple's website, marking the start of a partnership between the two firms.

Apple Pay is supported natively on MacBook Pro with Touch Bar, but older Macs also support Apple Pay web purchases by handing off the authorization of the transaction to a nearby iOS device.

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