Monzo adds virtual card for contactless payments to Flex BNPL product

Home AI Monzo adds virtual card for contactless payments to Flex BNPL product
Monzo adds virtual card for contactless payments to Flex BNPL product

Monzo’s buy now, pay later product, Flex, will come with a virtual card that lets users make contactless Apple Pay or Google Pay payments in-store.

Unveiled in September, Monzo Flex lets eligible customers get a credit limit of up to £3000 and then pay for transactions of over £30 in three instalments at 0% interest, or over six or 12 instalments at 19% APR.

After feedback from customers with early access, the digital bank is giving users a virtual Flex card for contactless instore payments. For online transactions, customers enter their card details at the checkout. After making a payment, shoppers select an instalment plan and pay the first part.

Join,
Black Tech Daily

Sign up to receive exclusive updates and tips about the latest products & opportunities!

We don’t spam! Read our privacy policy for more info.

Leave a Reply

Your email address will not be published.