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
- Unveiled in September, Flex lets eligible customers get a credit limit of up to £3000
- 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 in-store 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
