UK challenger bank Monzo is launching a new £15 premium service that comes with travel insurance, a 1.5% interest rate, and a new metal card.
Monzo has been slower to the premium banking services market than competitors but is seeking to diversify its revenue streams. Monzo, founded in 2015, has been slower to the premium banking services market than competitors such as Revolut, and the startup bank is now seeking to diversify its revenue streams. The startup boasts more than 4 million customers.
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