How high is the brand awareness of Monzo in the UK? When it comes to neobanking and neobrokerage users, brand awareness of Monzo is at 83% in the UK. The survey was conducted using the concept of aided brand recognition, showing respondents both the brand's logo and the written brand name.
How popular is Monzo in the UK? In total, 44% of UK neobanking and neobrokerage users say they like Monzo. However, in actuality, among the 83% of UK respondents who know Monzo, 53% of people like the brand.
What is the usage share of Monzo in the UK? All in all, 36% of neobanking and neobrokerage users in the UK use Monzo. That means, of the 83% who know the brand, 43% use them.
How loyal are the customers of Monzo? Around 30% of neobanking and neobrokerage users in the UK say they are likely to use Monzo again. Set in relation to the 36% usage share of the brand, this means that 83% of their customers show loyalty to the brand.
What's the buzz around Monzo in the UK? In May 2022, about 32% of UK neobanking and neobrokerage users had heard about Monzo in the media, on social media, or in advertising over the past four weeks. Of the 83% who know the brand, that's 39%, meaning at the time of the survey there's some buzz around Monzo in the UK.
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Monzo brand awareness, usage, popularity, loyalty, and buzz among neobanking and neobrokerage users in the United Kingdom in 2022
During the survey, the questions were phrased as follows:
Brand Awareness: "Do you know this brand, even if only by name? If you know the brand, please swipe right. If you do not know the brand, swipe left."
Brand popularity: "When it comes to neobanking & neobrokerage, which of the following brands do you like?"
Brand usage: "When it comes to neobanking & neobrokerage, which of the following brands have you used in the past 12 months?"
Brand loyalty: "When it comes to neobanking & neobrokerage, which of the following brands are you likely to use again in the future?"
Brand buzz: "Which of the following brands have you noticed in the media, on social media or in advertising in the past 3 months? Please think of news coverage, public discourse, sponsored content, and advertising. "
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Statista. (May 20, 2022). Monzo brand awareness, usage, popularity, loyalty, and buzz among neobanking and neobrokerage users in the United Kingdom in 2022 [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/forecasts/1304352/monzo-neobanking-and-neobrokerage-brand-profile-in-the-united-kingdom
Statista. "Monzo brand awareness, usage, popularity, loyalty, and buzz among neobanking and neobrokerage users in the United Kingdom in 2022." Chart. May 20, 2022. Statista. Accessed December 21, 2024. https://www.statista.com/forecasts/1304352/monzo-neobanking-and-neobrokerage-brand-profile-in-the-united-kingdom
Statista. (2022). Monzo brand awareness, usage, popularity, loyalty, and buzz among neobanking and neobrokerage users in the United Kingdom in 2022. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/forecasts/1304352/monzo-neobanking-and-neobrokerage-brand-profile-in-the-united-kingdom
Statista. "Monzo Brand Awareness, Usage, Popularity, Loyalty, and Buzz among Neobanking and Neobrokerage Users in The United Kingdom in 2022." Statista, Statista Inc., 20 May 2022, https://www.statista.com/forecasts/1304352/monzo-neobanking-and-neobrokerage-brand-profile-in-the-united-kingdom
Statista, Monzo brand awareness, usage, popularity, loyalty, and buzz among neobanking and neobrokerage users in the United Kingdom in 2022 Statista, https://www.statista.com/forecasts/1304352/monzo-neobanking-and-neobrokerage-brand-profile-in-the-united-kingdom (last visited December 21, 2024)
Monzo brand awareness, usage, popularity, loyalty, and buzz among neobanking and neobrokerage users in the United Kingdom in 2022 [Graph], Statista, May 20, 2022. [Online]. Available: https://www.statista.com/forecasts/1304352/monzo-neobanking-and-neobrokerage-brand-profile-in-the-united-kingdom