By Oliver Smith on Friday 16 October 2020
Just in time for Christmas.
European retailer H&M has become the latest UK brand to adopt digital receipts with the help of fintech Flux.
The partnership marks Flux’s first into the world of clothing and fashion, with fast food and coffee from Schuh, Giraffe, KFC and Just Eat helping it to roll out its millionth receipt in 2019.
Now customers shopping at H&M will get digital receipts from Flux’s partner banks (Monzo, Starling and Barclays) for purchases made, and will even be able to use these digital receipts to return items.
“2020 has been a year like no other, and we’re seeing more innovation in the retail sector than ever before. We’re super proud to be supporting H&M not only with their sustainability initiatives but also helping them add extra contact-free experiences at the till,” said Flux’s CEO and co-founder Matty Cusden-Ross.
Ross and Flux kicked off 2020 by announcing a strengthening of their relationship with Barclays as the bank took a minority stake in the business through an extension of the fintech’s $7.5m Series A.
Barclays and Flux have a long-standing relationship, the digital receipt upstart having been through Barclays’ Rise fintech accelerator in 2017 and running a successful trial on Barclays’ Launchpad programme in 2018.
Flux also added Papa John’s to its roster of retailers with the pizza giant helping the fintech to continue its environmental campaign of reducing paper waste to ‘Beat The Receipt’.
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