Revolut launches price comparison service as it expands product offering even further

By Aisling Finn on Tuesday 28 July 2020

Digital Banking

The new service is powered by Decision Tech and the MoneySuperMarket Group.

Revolut launches price comparison service as it expands product offering even further
Image source: Revolut

Digital banking service Revolut has launched a new platform for its users. 

From today, Revolut’s customers will be able to access price comparison technology through the new Essentials tab in the ‘super app.’ 

The new service is powered by Decision Tech and the MoneySuperMarket Group and will allow customers to switch and save on their gas, electricity, broadband, mobile and TV bills. 

Michael Phillips, CEO of Decision Tech, 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.” 

The new service will only be available to Revolut’s customers in the UK and could save customers around £300 on certain bills. 

Marsel Nikaj, Head of Savings at Revolut, added: “Our mission has always been to provide our customers with greater control over their finances, help them save money and improve their financial health, so we’re delighted to partner with Decision Tech and MoneySuperMarket on this innovative service.” 

All customers have to do to unlock the new feature is to refresh their app. 

Revolut recently reached a milestone 12m customers, making it one of the largest digital banks in the world. 

The e-money institution has been on a product launching offensive of late, including cryptocurrencygold and silver trading for all customers.  

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