Flux, a paperless receipts and digital rewards startup, has established a partnership with Costa Coffee to test its technology in some of the central London stores of the coffee chain.
The test-run is set to start with the first phase of cashback rewards through Monzo and Starling, the challenger bank partners of Flux. The trial is in a closed pilot prior to expanding from there to explore the possibility of providing itemised receipts to the users inside their banking app.
Also, Flux is launching its partnership with Barclays Launchpad, the early adopters platform of the bank for testing new features, before the evaluation of the said feature to go live to all of the customers of Barclays in their mobile banking app.
Flux discloses that the customers of Barclays who are taking part in the said test-run through the Barclays Launchpad app will be able to see their receipts in real time, including all of their purchases, with VAT, delivered to the app directly.
The company notes: “Users can take ownership of their financial data by going paperless and keeping track of everything they buy without having to download extra apps or changing any behaviour.”.
Costa Coffee joins the other retail partners of Flux that are currently testing its services, including on-the-go food retailers such as Eat and Pod.
Flux was founded by three former employees of Revolut, a digital banking unicorn. It was a product of last year’s Barclays TechStars accelerator program.
The managing director of digital banking at Barclays, Ruchir Rodrigues, stated: “We are thrilled to see a member of our 2017 Barclays accelerator program successfully integrate with the Barclays Launchpad mobile banking app.”
He added: “This is yet another sign of our commitment to working with exciting partners to bring new and innovative products and services to our customers.”