If you’ve seen our product roadmap, you might have noticed that we’re working on something called Emma Groups.
This feature lets you create a group between your friends and family. You can then use this group to track who’s paid for what, and who owes who money! Here’s a sneak peek of what the feature will look like
What occasions can you see yourself using this feature?
If that is a requirement, unwillingness to use open banking is another potential obstacle I see in getting friends/family to use it, compared to Splitwise for example.
Just update the app, head to the new Pay tab, and swipe left to add/join a group.
(If you can’t see it yet, don’t worry - it is coming!)
This blog post should also help clear up any questions you have about using Groups, but as always, feel free to drop any questions, comments, and feedback you have about this new feature below
I love the idea of groups. Potential to bring together the best of Monzo and splitwise for splitting expenses.
A few suggestions/questions:
would be great if you could add an expense to a group from the transaction itself, rather than always going to the group tab. I’d like to be able to add to a group when looking at my analytics for the month or as in review expenses comes in. (If this is already possible - I haven’t figured it out)
when adding from the groups tab, would be great to be able to select multiple transactions instead of 1:1
are there plans to be able to automatically add recurring expenses/subscriptions to groups. E.g I’d love it Ito my house bills were automatically split with my partner.
The whole Pay tab is predicated on Emma users allowing access to contacts and some of those contacts being on Emma or willing to join, and happy to use OB. I think that’s a pretty high hurdle for creating a group.
So, now that PayPal is ditching Money Pools,- PayPal discontinues Money Pools , Emma has a real opportunity here to capture a lot(!) of angry PayPal users, who used it to collect end of term teacher gift money, or local sports teams collecting for venue hire, etc
However, I’ve been reviewing Groups and I think it’s missing two key features
The ability to send a payment request to a member from within the group member list. I don’t want to have to send those from another tab separately but can’t see any other way right now
An automatic allocation of that payment request to the group’s transactions, so it’s automatically updated when it comes in that it’s paid.
Thanks @lobbers - it would be amazing if we could capture that market
For point 1, do you mean that you’d like to be able to select a specific person from the group to pay, instead of the transaction splitting between everyone?
Will there be an option to simplify group debts (similar to splitwise) where if I owe Jack £10 and Jack owes Alison £10 it simplifies to just be I pay Alison £10? I found that really useful back when I was a student and we had lots of little transactions in the group alongside big ones like bills.
I book a football pitch for a block of ten weeks for £500. I want to create an Emma group of 10 people (players including me) and send them a payment request for £50 each. Right now, it seems I have to send each one of them a request separately. I want to be able to adjust the split within the group (as some may pay me in cash) and I want to be able to request the rest of the money from all the other people at once from the group list. Even a request button for each person on that tab would be better.