Apple Wallet vs Monzo
Apple Wallet
apple.comMonzo
monzo.comSide by side
| Figure | Apple Wallet | Monzo |
|---|---|---|
| Price from | Free | £3/mo |
| Free plan | Yes | Yes |
| Free trial | — | Yes |
| Open source | — | — |
| Web | — | Yes |
| macOS | Yes | — |
| iOS | Yes | Yes |
| Android | — | Yes |
| API | — | Yes |
| Plans published | 1 | 8 |
| Spec score · Digital Wallet Apps | 8.0 (#20) | 8.9 (#4) |
| Security | Apple Pay uses a device-specific number and unique transaction code instead of sharing the actual card number with merchants. | Monzo says it is authorised by the Prudential Regulation Authority and regulated by the FCA and PRA, with eligible deposits protected by FSCS up to £120,000 per person. |
| What it does | Apple Wallet is an app on iPhone and Apple Watch that organizes eligible payment cards, transit passes, boarding passes, tickets, IDs, keys, rewards cards, and order details. | Monzo provides UK personal and business current accounts managed primarily through a mobile banking app. |
Plans
Monzo
- Business LiteFree
- FreeFree
- MonzoFree
- Extra£3 a month
- Business Pro£9 a month
- Perks£9 a month
- Max£19 a month
- Business Team£25 a month
In their own words
Apple Wallet
Apple Wallet has no write-up on Specifiction yet; its figures are above.
Monzo
Monzo is a UK bank offering current accounts and app tools for spending, saving, borrowing, investing, and managing money. Salary Sorter divides income into Pots for bills, spending, and other budgeting needs. Customers can use Savings Pots, ISAs, and savings accounts, with rates varying by account and subscription plan; investment options start from £1 and can rise or fall in value. For travel, cardholders can spend abroad without foreign transaction fees and see live exchange rates in the app. Monzo connects other bank accounts and credit cards through FCA-regulated Open Banking, and customers must renew those connections every 90 days. Security features include Call Status, transaction notifications, card freezing, biometric login, and extra checks for large payments. Monzo says eligible deposits are protected by FSCS up to £120,000 per person. The app is available on Android, iOS, and web, with 24/7 in-app chat support. Accounts are for UK residents. The free current account is listed for ages 16+; paid plans have varying prices and eligibility conditions.