Package mobile, electricity, television… the application Revolut in the United Kingdom will complete a true price comparison.
The “super app” of Revolut continues to build. And it is clear that she takes beautiful and well-shaped. Rather than try to push its capabilities in the traditional skills of what one expects from a classic bank, the neo-bank Revolut the objective of the new services to become a true manager of our consumption.
After the purchase, storage and sale of gold, silver, Bitcoin and actions, Revolut had launched a marketplace under the principle of cashback. By following the buying behaviors of customers, Revolut was capable of launching a platform to offer discounts with brands that have appeal to the customer, according to his centres of interest.
The data bank to arrive at this function comes from finding a new partner, Decision Tech. In the Uk, users will be able to use a real price comparison, that will list all of the different offers available, for package mobile, the energy, or the tv, for example (check out on Presse-citron our comparator banks online).
“We believe that in Essentials (the name of the new service, editor’s note) can help millions of our british customers to save on their bills for gas, electricity, broadband, mobile and tv, so that they can make the best use of their money,”said Marsel Nikaj, head of savings at Revolut.
This is a view shared by Mark Lewis, CEO of Moneysupermarket Group (at the head of Decision Tech) : ” Our strategy is to help people save money by facilitating to the maximum the price comparisons. This is exactly what we are doing here with Revolut, which is one of the first FinTech to join a platform of price comparison B2C. “
“Super app” the solution to survive
A few hours before the announcement of the partnership between Revolut and Decision Tech, Uber formalizing a new feature of car rentals. The famous booking platform VTC opened its activity to a new function, to seek to make the application a true “super app” that responds to most requests in relation to mobility.
Revolut seems to follow this same strategy. The neo-bank expects to reach profitability before the end of the year, and we were able to see with the health crisis that the simple compensation model by the use of payment cards and interchange fees was not viable.
The solution of a “super app” in the field of consumption in the broad sense therefore appears to be the path taken by Revolut. This weekend, the nugget, the English has completed a Series D round of $ 80 million.