New Tesco Clubcard set to change the way millions of customers can shop in stores and online
11.01.2022 - 18:11
/ dailyrecord.co.uk
Supermarket giant Tesco has launched a new way for 20 million customers to pay, save and pick up Clubcard points, every time they spend in stores or online.
All Clubcard members can now apply online for Tesco Clubcard Pay+, which is provided by Tesco Bank, and offers a unique, smarter way to shop.
Shoppers can add money and ringfence their grocery spend from any UK bank account into their Tesco Clubcard Pay+ account, using the free Tesco Bank mobile banking app. Tesco Clubcard Pay+ also gives shoppers the power to save while they shop by rounding up their purchases to the nearest pound, saving the difference into a Round Up account.
Tesco Bank also plans to introduce additional features to Tesco Clubcard Pay+ which will further help families to budget and save, while being rewarded for their spending.
Almost 45,000 accounts have been opened by shoppers since its initial pilot launch for Tesco staff in March 2021.
The pilot scheme has seen over £24 million spent on 1.2m transactions using Clubcard Pay+ at Tesco and other retailers. Customers have so far collectively saved over £213,000 into their Round Up savings accounts, and Tesco Clubcard Pay+ has been used to pick up over 5.25m Clubcard points nationwide.
Commenting on the nationwide launch, Gerry Mallon, Chief Executive, Tesco Bank, said: “Tesco Bank has designed a smarter way for Tesco’s 20 million Clubcard members to shop.
“Tesco Clubcard Pay+ is a clear demonstration of Tesco Bank’s strategy to focus on products which closely align to the needs of Tesco shoppers.
“We’re very encouraged to see Tesco Clubcard Pay+ help give shoppers the confidence to start saving while managing their budget and picking up extra Clubcard Points wherever they shop.”
Alessandra Bellini, Chief