British app-bank Monzo counts cost of growing popularity

Digital bank Monzo, whose distinctive coral-coloured card has become a common feature in the wallets of young, tech savvy and mainly urban Britons, could hit 1 million users within months.To succeed in taking on Britain's big banks, Monzo needs customers to treat it as their main account, where they deposit their salary and pay their bills.At present only 1 in 5 of its users deposit their salary, with average balances of 1,400 pounds per month, its chief executive Tom Blomfield said.