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E-invoicing, SCF & E-procurement

Monzo, Flux partner to take on digital receipts

Wednesday 30 January 2019 | 12:24 PM CET

Digital challenger bank Monzo has partnered with digital receipt company Flux to enable its users to store their receipts in the bank’s app.

The launch date for this project is 30 January 2019. On the contrast, Starling Bank is another bank that has been providing this service for almost a year and a half. Monzo started working with Flux around the same time, however, they have kept the partnership under wraps, as they wanted to figure out how to approach the ‘marketplace’ strategy.

Barclays is another bank that offers Flux receipts. Still, Flux has a very limited number of trusted partners, and it only works with four shops, which means that not every receipt is created equally. Moreover, the fintech offers rewards and loyalty programmes, as well.

More: Link
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