Mondo mobile banking service launches in UK

Thursday 17 March 2016 | 14:35 CET | News
The new UK banking service Mondo announced the beta launch of its app, opening the service to users across the UK to test. An alpha test phase of 136 days saw 3,000 users try out the iOS app, and the company said it now plans to add around 1,000 users a week from registrations on its website. Mondo promises a new way of banking, with current accounts centred around the smartphone and an associated debit card. Mondo does not expect to receive its banking licence until later this year, so it does not yet support services such as direct debit. Instead it allows users to start out with a prepaid

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Categories: Mobile & Wireless
Countries: United Kingdom
::: add a comment
This article is part of dossier


Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Vodafone UK launches contactless payment service

Published 10 Oct 2016 15:01 CET | United Kingdom
Vodafone UK is launching its own payment service, which works with PayPal, Visa and Mastercard cards. Customers need to download ...

UK mobile bank Atom goes live

Published 07 Apr 2016 11:23 CET | United Kingdom
UK digital bank Atom Bank has gone live from 06 April. The app will be made available to everyone who has pre-registered their ...

M1 offers NFC SIM for contactless payments

Published 29 Mar 2016 13:29 CET | Singapore
M1 and EZ-Link (EZ-Link) announced that M1 mobile customers will be the first in Singapore to be able to conveniently pay for ...

SIA's Jiffy money transfer service hits 300,000 users

Published 18 Mar 2016 12:29 CET | Italy
European payment technology services provider SIA has announced that its SEPA-based "person-to-person" Jiffy app for transferring ...