Mode Global Holdings PLC (LSE:MODE) has unveiled a payments partnership with L.K.Bennett, a UK-based luxury fashion retailer, to provide Mode as an additional payment option for customers.
The fintech group will use Open Banking so that L.K.Bennett customers can make instant payments and earn rewards all in one app.
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The cardless solution means they won’t need to enter their card details or CVVs at checkout, but simply scan a QR code or click a button to make payments via the Mode app.
Transactions will be authorised in real-time through biometric security and Strong Customer Authentication (SCA).
Mode recently launched its payments and rewards solution, ahead of schedule, in October across over 30 brands including ESPA, Myprotein and Zavvi.
“For L.K.Bennett, Mode's mobile payments and loyalty solution can be a more affordable, safer and smarter alternative to card payments that is catering to the needs of today's digitally-native modern consumer,” the pair said in a joint release.