Monese and Avios launch app partnership

By Roger Baird on Monday 18 February 2019

Digital Banking

The digital bank said the move will ‘seamlessly’ link customer accounts to the travel rewards scheme.

Digital bank Monese and Avios have launched what they call the “world’s first” current account linked to the travel rewards scheme.

Monese said the service will allow customers to “easily track and maximise their Avios balance and check their transactions”.

The challenger bank added that alongside its own app, Avios will appear as a separate account, next to other Monese currency accounts such as euros and pounds.

The bank said this “allows customers to track and maximise their Avios as they fly, travel, or spend across hundreds of Avios partner brands” such as ASOS, John Lewis Just Eat and Marks & Spencer.

Monese, founded in 2013, has over 800,000 customers signed up across 30 countries.

Monese founder and chief executive Norris Koppel said: “We serve a fast-growing and incredibly international audience who travel the world for study, work, family, or retirement.”

He added the service would be a “seamless way to manage their lifestyles, as well as their finances”.

Avios is used by such airlines as Aer Lingus, British Airways, Flybe, Iberia, Kulula, Air Italy and Vueling.

Avios chief executive Andrew Crawley said: “As Avios can be collected and spent in over 190 countries, we understand the need to have a banking account that’s as mobile as its customers.”  

Last September, Monese raised $60m as part of a series B fundraising led by US payments giant PayPal, UK investment firm Augmentum Fintech and International Airlines Group, which owns a range of airlines including British Airways. Monese said the cash would be used for product development and international expansion.

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