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flag UK digital bank Monzo introduces 'Undo Payments' to let users reverse transfers within 60 seconds.

flag Monzo, a UK digital bank, has launched an 'Undo Payments' feature that lets customers cancel bank transfers within 60 seconds after they are made. flag This innovation is in response to Monzo's research showing that nearly one in three Brits have made a payment error in the past year, costing over £825 million. flag Users can now set a customizable 10-60 second window to reverse transactions, aiming to prevent mistakes such as sending the wrong amount or to the wrong person.

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