PayPoint retailers can now accept cash deposits from customers that use online banking provider Monzo.

Customers will be able to deposit up to £300 into their accounts in a single transaction. Monzo, which operates solely online, currently has more than one million account holders.

Monzo CEO Tom Blomfield said: “Our goal is to give our customers more convenience and control over their money. By partnering with PayPoint, Monzo customers will be able to pay cash into their accounts at shops that are easy to access and open when they need.”

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