Monzo has rolled out a fresh update for those using its Monzo Flex credit card. The Monzo Flex service lets customers break down the cost of their spending over time.

Shoppers can divide eligible purchases into three interest-free monthly instalments, or spread them across six or 12 months with interest applied. Initially, users had to settle the full amount when paying with their Monzo Flex credit card, before opting to spread the cost through their banking app afterwards.

The bank then enhanced this capability in September 2024, enabling customers to split payments directly when shopping online - and now, the digital lender has extended this functionality to in-store purchases as well.

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