A Monzo spokesperson said it had activated a back-up banking service after identifying issues affecting its app.

Monzo bank's customers were left frustrated on Tuesday after the online bank suffered a widespread app outage.

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The problems began just after 3pm and were spread across the country, according to the tracking website Down Detector.

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Mutlibagger private lender Kotak Mahindra Bank might be showing up to 80 per cent fall in some trading apps today.

Monzo, the online bank, has stopped working properly. The app makes clear that it is having “issues” that have stopped many ...