LK Bennett rolls out payment and loyalty app that rewards in Bitcoin
Fintech group Mode has unveiled a payments partnership with luxury fashion retailer L.K.Bennett.
The fintech group will use Open Banking so that L.K.Bennett customers can make instant payments and earn rewards all in one app.
LK Bennett’s customers will have the option to use Mode’s QR code based system to make cardless online payments and will accrue Bitcoin with every purchase.
Darren Topp, the chief executive of LK Bennett, said the company “is always looking for innovative solutions that provide our customers with more options to pay and cater to their evolving needs as modern, digital driven shoppers.”
Mode chief executive Ryan Moore commented: “LK Bennett has been a staple of Luxury British Fashion for over 30 years, which demonstrates Mode’s appeal to all sectors.
The partnership is the latest step in Mode’s plan to make Bitcoin accessible to as many people as possible.
LK Bennett’s customers will get 10 per cent Bitcoin cashback on their first order and 5 per cent on further purchases with the reward capped at £10 per purchase.
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