Flex customers on iOS 18 can now spread payments over several months via Apple Pay.
Apple ended its BNPL service and is now partnering with third parties like Monzo and Affirm.
Monzo has introduced a new payment option for its Flex
customers using iOS 18 and iPadOS 18. The feature allows users to pay in full
or spread the cost over several months at the point of purchase through Apple
Pay. This option is available when shopping online or making in-app purchases
on iPhones and iPads.
Launching Monthly Payment Option
Kunal Malani, General Manager at Monzo, Source: LinkedIn
Customers will be able to view the monthly payments,
understand the total cost, including any interest, and select their preferred
repayment method before finalizing their purchase. Monzo is the first UK bank
to integrate this feature with Apple Pay following the release of iOS 18.
“Our customers love using their Flex credit card with Apple
Pay and we’re thrilled to be the first bank to bring this feature to Apple Pay
users in the UK,” commented Kunal Malani, General Manager at Monzo.
“Now our customers are able to choose their monthly payments—right at checkout with Apple Pay when using their Monzo Flex credit card,” he explained.
“This brings an even more convenient experience for our customers when shopping
online.”
Meanwhile, Monzo
has secured €397 million in a funding round led by CapitalG, Google's
independent growth fund, as reported by Finance Magnates. The UK's largest
digital bank, valued at $5 billion, has also received investment from Google
Ventures, HongShan Capital, and existing investors Passion Capital and Tencent.
Apple Shifts to BNPL Partners
In the United States, Apple has announced similar
developments. Users can redeem rewards using Discover credit cards and apply
for loans through the Buy Now, Pay Later (BNPL) firm Affirm. These changes come
shortly after Apple discontinued its own BNPL service to collaborate with
third-party providers.
Other banks preparing to roll out similar services include
ANZ in Australia, HSBC in the UK, CaixaBank in Spain, and Citi Synchrony, along
with issuers partnered with Fiserv in the US.
Monzo has introduced a new payment option for its Flex
customers using iOS 18 and iPadOS 18. The feature allows users to pay in full
or spread the cost over several months at the point of purchase through Apple
Pay. This option is available when shopping online or making in-app purchases
on iPhones and iPads.
Launching Monthly Payment Option
Kunal Malani, General Manager at Monzo, Source: LinkedIn
Customers will be able to view the monthly payments,
understand the total cost, including any interest, and select their preferred
repayment method before finalizing their purchase. Monzo is the first UK bank
to integrate this feature with Apple Pay following the release of iOS 18.
“Our customers love using their Flex credit card with Apple
Pay and we’re thrilled to be the first bank to bring this feature to Apple Pay
users in the UK,” commented Kunal Malani, General Manager at Monzo.
“Now our customers are able to choose their monthly payments—right at checkout with Apple Pay when using their Monzo Flex credit card,” he explained.
“This brings an even more convenient experience for our customers when shopping
online.”
Meanwhile, Monzo
has secured €397 million in a funding round led by CapitalG, Google's
independent growth fund, as reported by Finance Magnates. The UK's largest
digital bank, valued at $5 billion, has also received investment from Google
Ventures, HongShan Capital, and existing investors Passion Capital and Tencent.
Apple Shifts to BNPL Partners
In the United States, Apple has announced similar
developments. Users can redeem rewards using Discover credit cards and apply
for loans through the Buy Now, Pay Later (BNPL) firm Affirm. These changes come
shortly after Apple discontinued its own BNPL service to collaborate with
third-party providers.
Other banks preparing to roll out similar services include
ANZ in Australia, HSBC in the UK, CaixaBank in Spain, and Citi Synchrony, along
with issuers partnered with Fiserv in the US.
United Fintech Scores Sixth Backer Days After Barclays Deal
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
