Consumers love paying bills with mobile wallets, but fees could block growth

Mobile wallets - Paying using phone

Half of consumers say they wouldn’t use this feature if it came with an added cost attached to it. All age demographics are using their mobile wallets to an increasing degree for the purpose of bill payments. Consumers enjoy the convenience of being able to pay their bills whenever and wherever they want. There is certainly an advantage to using mobile wallets when compared to now outdated methods of paying bill such as writing a paper check and mailing it or heading to the bank or institution to make a…

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4 out of 5 millennials pay bills using mobile wallets

Mobile wallets - Payment Made - Thank You

While many people have already been paying their bills online, this generation is looking to phones. As bills have become mainly digital, millennials in particular are looking to their phones to make their payments and are choosing mobile wallets as their preferred payment method. According to new research, a massive 80 percent of millennials prefer this bill payment method. The research was conducted by PYMNTS. What it found was that mobile wallets have been driving the trend toward bill payments online, particularly on phones. It also found that among people…

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