Sunday, May 19, 2013

The rapid growth of mobile bill payment



Financial services technology has released new data from surveys on the state of bill paying. Not surprisingly, mobile has become an important channel for both billers and their customers.
The data showed that the number of mobile bill payment transactions processed through its biller tools tripled within the past 24 months. The number of mobile bill payment transactions has jumped from roughly 4 percent to about 15 percent within that period of time.
For its research on the biller side,we commissioned the Biller Mobile Bill Pay Benchmark Study and found that most billers (94 percent) are using the mobile channel to enhance and extend customer service.
Three quarters (76 percent) of billers are looking to increase customer use of self-service with the mobile channel while 74 percent are looking to meet customer demand for a mobile option.
"Mobile devices are in almost everyone's hands today, and consumers have embraced a digital mobile lifestyle that extends to daily tasks including receiving and paying bills,"
 It is aggressively investing in new mobile research and product development to equip billing organizations to harness the opportunities of the mobile channel while also effectively managing its complexities.

by cleanmo

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