A U.K. bank is helping customers better organize their transaction records while reducing environmental waste and toxins with digital loyalty cards instead of paper receipts

A U.K.-based startup is looking to make paper receipts a thing of the past. Digital bank Monzo is partnering with fintech company Flux to digitize itemized receipts and help customers keep them all in one convenient location.

Monzo bank members who shop at participating retailers, currently including Itsu, Pod, Pure, EAT and soon Costa Coffee will be prompted during the payment process to receive a digital receipt and loyalty rewards. The difference between using Flux and opting for an emailed receipt, as some businesses now offer, is that Flux keeps track of everything in-app, which aims to be easier to read than banking statements.

The motive behind Flux’s business model is less about the convenience of digitizing and more about the environment, as the brand seeks to eliminate the waste of receipts and reduce the spread of certain toxins and chemicals used to create them. This partnership with Monzo is the first for Flux, while the company already has deals with Barclays and Starling.

Monzo

Flux

A U.K.-based startup is looking to make paper receipts a thing of the past. Digital bank Monzo is partnering with fintech company Flux to digitize itemized receipts and help customers keep them all in one convenient location.

Monzo bank members who shop at participating retailers, currently including Itsu, Pod, Pure, EAT and soon Costa Coffee will be prompted during the payment process to receive a digital receipt and loyalty rewards. The difference between using Flux and opting for an emailed receipt, as some businesses now offer, is that Flux keeps track of everything in-app, which aims to be easier to read than banking statements.