Currently, Co-op members automatically amass dividend points every time they spend money in-store.
And on ‘double-divvy’ days shoppers also receive stamps to the value of either £1 or 4p.
But the paper stamps could be discontinued as plans to make changes to the retail system are due to begin in August.
Mark Cox, chief operating officer, said: ‘We are always mindful of our members and we know many of them want to see changes being made to the current system.
‘However, research also tells us a lot of members like the dividend stamps, so there is a really fine balance for us.
‘Later this year we will be investing in a new retail system which will allow us to explore new options around our dividend scheme.
‘It is very much in the early stages but we would explore more modern options for our dividend during this pilot stage.’
