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The Independent UK
The Independent UK
Business
Anna Wise

Monzo to shut down US operations in ‘deliberate’ and ‘strategic’ move

Monzo United States European Union United Kingdom

Monzo has made a “deliberate” and “strategic” decision to shut down its business in the US after struggling to push into the market.

The digital bank will stop bringing in new customers in the region, and existing customers can continue to use their accounts until June.

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