Digital challenger Revolut has tapped price comparison company Decision Tech to launch a new save and switch service.
The service, Essentials, aims to allow Revolut’s UK customers to switch and save on their bills for gas, electricity, broadband, mobile and TV. According to the challenger, the move will make Revolut one of the only UK fintechs to offer a price comparison service directly to its customers.
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Marsel Nikaj, Head of Savings at Revolut, said: “Our mission has always been to provide our customers with greater control over their finances. In addition, we want to help them save money and improve their financial health. We’re delighted to partner with Decision Tech and MoneySuperMarket on this innovative service.
“We believe that Essentials can help millions of our UK customers save on their gas, electricity, broadband, mobile, and TV bills, so they can get more out of their money.”
Access to switching services
Decision tech, a company from the Moneysupermarket Group, will use its B2B capability to offer Revolut customers comparison and switching services. It will also give access to a range of suppliers and exclusive deals via the Revolut app.
Michael Phillips, Decision Tech CEO, said: “This is a big milestone in Decision Tech’s success in building out Moneysupermarket’s B2B capability. Thanks to the tie up between Revolut’s open banking data and Decision Tech’s switching platform, customers can switch their energy, broadband or TV and mobile phone providers without having to leave the app.”
Adding to this, Mark Lewis Moneysupermarket Group CEO, said: “Our strategy is about helping people save money by making price comparison as easy as possible. This is exactly what we are doing here with Revolut, who are one of the first fintechs to partner with a B2C price comparison platform. This move will mean customers can switch their providers easily using an app which is already part of their everyday lives.”
