Hudack: Monzo's top pre-COVID revenue stream was overseas debit interchange fees
Mike Hudack · The framework for building AI startups from a product design genius · Dec 18, 2024 · at 36:44
Mike Hudack discusses the revenue vulnerability UK digital bank Monzo experienced when international travel ceased during COVID-19.
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“Our number one revenue stream was actually people using their debit cards overseas, and the interchange you get from that, and that went away overnight, and we were totally screwed.”
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