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.