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PAYM does for most banks what Pingit did for Barclays. PAYM offers quick and easy payments from bank mobile apps.  But most consumers are unaware that this service exists. A pity.   

...so...the valuation of the Monzo business is 555million times earnings...

...do we really believe in Unicorns??...

...Starbucks provides a useful "niche" closed loop stored value mobile payment app....

...as a consumer, how many of these closed loop schemes will I actually sign up for? - a handful, no doubt, at my favourite retailers - if they offer sufficiently attractive loyalty schemes to justify my downloading their app and loading value....

...but will I load value by card (and keep the card schemes in business) or directly from my bank account?

...and where do Starbucks keep their $2bn in float?  Correct.  In a bank account...

...niche stored value accounts and/or wallets may take a small proportion of my spend, but the vast majority will be from my bank account - facilitated by card, or directly from bank account, courtesy of mobile, ACH and Faster Payments (in the UK at least)...