Digital Wallets Need to Remove Frictions to Increase Usage for Bill Pay

Money Mobility Tracker®: Payment Due: Billers’ Bid for Better Bill Pay

Digital bill pay, while routine for most consumers, poses challenges such as fraud, friction and limited payment options — particularly in the utilities sector, where consumer trust is low. This edition of the “Money Mobility Tracker®,” a collaboration with Ingo Payments, examines how billers and financial institutions can earn trust among consumers.

Inside the March/April Tracker
  • Fraud, friction, limited payment options and slow payment processing are some of the obstacles consumers face when making digital bill payments.
  • Billers in the utilities sector must contend with the reality that customers trust them less than most other industries.
  • Some of the top issues billers and payers face are security concerns and overcomplication.