Monzo launches short-term loans for 2.5m customers

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Monzo launches short-term loans for 2.5m customers
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  • 📰 The Guardian
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Challenger bank insists it is not targeting customers who usually turn to payday lenders

Digital bank Monzo is dipping its toes into the short-term loans market a year after Wonga’s collapse, but insists it will not target customers who usually turn to payday lenders.

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