GrabPay vs Monzo
GrabPay
grab.comMonzo
monzo.comSide by side
| Figure | GrabPay | Monzo |
|---|---|---|
| Price from | Free | £3/mo |
| Free plan | Yes | Yes |
| Free trial | — | Yes |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| API | Yes | Yes |
| Plans published | 2 | 8 |
| Spec score · Digital Wallet Apps | 8.7 (#7) | 8.9 (#4) |
| Headquarters | 3 Media Close, Singapore 138498 | Monzo describes its main base as London near Liverpool Street, with an office in Cardiff and staff working globally. |
| Mobile requirements | Grab's help centre states iOS 15 or newer is required from May 2026 and Android 7.0 or newer from September 2026. | The September 2026 support policy requires iOS 18 or later and Android 11 or later, with advance notice before older versions are dropped. |
| Rating on Google Play | 4.8 out of 5 from 16.6M reviews | 4.2 out of 5 from about 183,000 reviews in the ratings section, with 10 million-plus downloads shown. |
| Rating on Trustpilot | 1.5 out of 5 from 907 reviews | 4.6 out of 5 from 73,542 reviews. |
| Security | Grab says it uses a 24/7 fraud detection engine that monitors activity and declines identified unauthorised transactions. | 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. |
| Security controls | GrabPay describes GrabPIN, biometrics, 3DS, anti-fraud monitoring and PCI DSS Level 1 controls. | Monzo describes biometric login, card freezing, 3D Secure, expiring virtual-card numbers, video-selfie verification and trusted-contact protections. |
| What it does | GrabPay combines wallet balance, linked cards and other payment methods for rides, food, shopping, bills and transfers. | 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
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.