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What is Monzo Flux?

Published in Fintech Features 1 min read

Monzo Flux is a digital receipts and rewards platform integrated directly within the Monzo banking app. It allows users to automatically receive digital receipts and loyalty rewards for their purchases at participating retailers directly within their Monzo transaction feed.

Here's a breakdown:

  • Digital Receipts: Instead of paper receipts, Flux provides digital versions stored within your Monzo app alongside your transaction history. This eliminates the need to keep track of physical receipts for returns, warranties, or expense tracking.

  • Rewards and Loyalty: Flux can also integrate with retailer loyalty programs, automatically applying rewards and discounts to your purchases when you pay with your Monzo card.

  • Integration with Monzo: Flux isn't a separate app; it lives within your Monzo banking app, streamlining the process of managing receipts and rewards.

  • Automatic and Real-Time: Once activated, Flux works automatically in the background, delivering receipts and rewards information in real-time alongside your Monzo transactions.

In essence, Monzo Flux simplifies expense tracking and rewards management by bringing it directly into your banking app.

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