Dozens partners with Flux to launch in-app digital receipts
By Joy Dumasia
Customers that have activated Flux will receive an automatic digital receipt in their transaction feed every time they shop at a participating retailer.
The introduction of digital receipts in the transaction feed will help customers understand and track their spending, putting them more in control of their money and reducing chargeback queries.
Dozens joins Barclays, Monzo, and Starling Bank in offering Flux’s digital receipts to customers. The partnership brings together two UK FinTechs to disrupt the industry, with Flux’s extraction of receipt data for consumer benefit supporting Dozens’ incentive alignment model.
Aritra Chakravarty, CEO and founder at Dozens, stated: “Dozens’ mission is to help customers manage, save and grow their money. The current account, savings tools, and investment products already live in the app provide a lot of financial choices. Now with the introduction of digital receipts and targeted offers through Flux, customers will not only have an overview of where and when they have spent, but also the detail of exactly what they have spent on. When you think about returns or refunds, and in time possibly even insurance, this is an amazing solution – lost receipts will be a thing of the past.”
Recently, IBS Intelligence reported that a Cloud-based clearing bank, ClearBank, announced that it would support the challenger digital banking app Dozens to upgrade its current account offering. The collaboration will enable Dozens’ clients to set up direct debits, standing orders and instantly transfer money. ClearBank will provide new account numbers and sort codes and direct access to payment networks, such as Faster Payments, via a single API.
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