Mobile-first UK bank Mondo has rebranded, after a legal challenge from a similarly named company – the exact identity of which hasn’t been disclosed – back in June. The company’s new name will be ‘Monzo’, picked from 12,560 suggestions provided by its users. ...

UK digital bank Mondo has received its banking license from the Financial Conduct Authority and Prudential Regulation Authority. Mondo launched as a ‘beta’ in February 2015, and offers customers a pre-paid account entirely managed through its app for iOS and Android. 30,000 of its cards are ...

  347m payments were made using mobile banking apps in the UK during 2015, according to a BBA report. That’s narrowly ahead of online banking on desktop, which processed 417m payments, but mobile is growing much faster – up 54 per cent year-on-year, ...

JP Morgan Chase is one of the consortium of banks behind Zelle A consortium of US banks have unveiled plans for the launch of Zelle, a person-to-person mobile payment service, in the first half of 2017. The members of consortium, which includes Bank of ...