London fintech firm Mode Global to provide payment platform for luxury fashion retailer L.K.Bennett

Mode Global Image credits: Mode Global

Mode Global, a London-based fintech company, has entered into a payments partnership with British luxury fashion retailer L.K.Bennett. The agreement would see L.K.Bennett offering Mode as an additional payment option for customers.

Darren Topp, CEO of L.K.Bennett comments: “L.K.Bennett 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. I look forward to working with Mode to ensure we give them a payment and loyalty experience they will love.”

Leverages Open Banking

Mode Global will use Open Banking so that L.K.Bennett customers can make instant payments and earn rewards all in one app. 

The cardless solution allows customers to simply scan a QR code or click a button, to make payments via the Mode app, instead of entering their card details. Transactions will be authorised in real-time through biometric security and Strong Customer Authentication (SCA).

Ryan Moore, CEO of Mode, comments: “I am delighted to announce our next partnership just 3 weeks after our ahead-of-schedule public launch with THG. L.K.Bennett has been a staple of Luxury British Fashion for over 30 years, which demonstrates Mode’s appeal to all sectors. Today’s announcement is another step forward in allowing us to put our innovative payments and loyalty solution into the hands of millions of UK customers.

Financial ecosystem

Mode Global is a financial ecosystem for consumers and businesses with own payments solution using the open banking concept.

The company is on a mission to transition the world to a truly digital financial system that reduces frictions and costs for consumers and merchants and gives digital assets the place they deserve in today’s modern economy.

Mode is leveraging the power of Bitcoin and Open Banking to deliver on this mission and offer customers in the UK, a one-stop app to shop, earn and grow their Bitcoin, all in one place. 

For businesses, Mode provides a cheaper, safer, and smarter alternative to card payments that reward shoppers with Bitcoin Cashback.

Mode recently launched its payments and rewards solution, ahead of schedule, in October across 30+ brands including ESPA, Myprotein, and Zavvi.