Monzo considers launching mobile service to rival major phone networks

Monzo customers will have a 10- to 60-second window, allowing them to cancel a bank transfer if they have made an error (Illia Uriadnikov /Alamy/PA) -

Monzo is considering offering its own mobile contract in a move which could see the digital bank take on the UK’s biggest phone networks.

The 10-year-old lender confirmed it was in the “early stages” of developing the idea.