[bisq-network/growth] Add Monese as a payment method (popular mobile bank app in UK and Europe) (#227)

pazza notifications at github.com
Sat Jan 23 20:54:38 CET 2021


## Monese 

References:

- [Monese website](https://monese.com/) 
- [Monese fees and limits](https://monese.com/gb/en/fees-and-limits/fee-and-limits-information) 
- [Monese T&Cs](https://monese.com/gb/en/terms) 

Monese is a popular neo bank app for users of GBP, EUR and RON.

As well as the usual bank facilities Monese allows users to send money to other Monese accounts instantly and for free in any supported currency.

Monese has a good use case in that it is instant, free, multi currency and has some better use cases than SEPA (current most popular EUR payment method). Also provides a Revolut alternative to users in UK and Europe.

### Region

Anyone who's at least 18 years old and is a resident of the European Economic Area (EEA), regardless of their citizenship or financial history.

So if you live in one of these countries, you can open an account with Monese:

Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Norway, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the United Kingdom.

*To open a RON account, you need to either live in Romania or have Romanian citizenship, holding a valid CNP (Romanian Personal Numeric Code). You’ll need one or more of these documents during account opening: Romanian national identity card, Romanian passport, Romanian driving license or a residence permit.

Depending which country you live in, you may also be able to open an account in more than one currency. For example, you could have both a GBP and a EUR account.


### Currencies

Monese supports payments in:

- EUR to all Eurozone and SEPA countries
- GBP to UK
- PLN to Poland
- RON to Romania
- HUF to Hungary
- BGN to Bulgaria
- CZK to Czech Republic
- DKK to Denmark
- NOK to Norway
- SEK to Sweden
- USD to United States
- AUD to Australia
- MXN to Mexico
- BRL to Brazil
- CHF to Switzerland
- INR to India
- HKD to Hong Kong
- TRY to Turkey
- CAD to Canada 

To send money in another currency simply create a new payee in the Monese app and choose what currency you want to send from the list of currencies and countries available.

Note that the currency must match the destination country, you can't send USD to Poland for example. This is because we use peer-to-peer money transfer services, not traditional international transfers.

Also note that users in the countries above may not be eligible for a Monese account.

Therefore I would propose limiting Monese to the following three currencies:

- British pounds (GBP)
- Euro (EUR)
- Romanian lei (RON)

### Chargeback risk

Low

>When setting up a payee or making a payment, make sure to add the correct details of the person you want to pay. If they’re not correct, your payment may be delayed, or you might lose your money if it’s sent to the wrong account. As long as we process your payment in accordance with the Unique Identifier you’ve given us, we’re not responsible if that payment goes to the wrong account or isn’t sent at all because the Unique Identifier you’ve given isn’t correct.

### Size of user base

2 million Monese users


### Data requirements

Monese - Monese payments are done by linking accounts to phone numbers. If you add the person to your phone contacts you will be able to send payment to them if they have registered the number with their Monese account

- Full name of user (not specifically required but otherwise the user would have to create a fake name for someone and this does not seem right) 
- Phone Number including international code

### Verification

Monese has a web app so TLSNotary can be used.

### Duration

Immediate

### Fees

Free (no currency exchange fee applied)

### Fraud risk

Low

### Payment amounts

It is hard to work out on their [limits page](https://monese.com/gb/en/fees-and-limits/fee-and-limits-information) 

However, I think 0.25 BTC worth is achievable.

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