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Monzo adds expense-splitting feature to boost customer engagement

The news: UK-based neobank Monzo rolled out Monzo Split to help consumers more easily share expenses.

  • The feature lets UK consumers split, track, pay, and request payments directly from the Monzo app.
  • It also lets them divide payments with friends or family members that either don’t bank with Monzo or don’t live in the UK by sending them a link where they can join the app as a guest.
  • It offers a Running Split option for recurring expenses like household bills and a Single Split option for one-time expenses like a group dinner.

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