Bill Payment Innovations

Industry insights | Latest news and articles

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The world of bill payments is changing

Companies want to leverage digital payment innovations to get paid faster, lower associated costs, expand their customer base and serve under banked customers.

That’s where Request to Pay comes in.

Launched in 2020, Request to Pay (RTP) enables secure payment requests via your existing payment infrastructure. It allows companies to empower their customers to settle and manage their bills flexibly, all in one place.

Here you can find articles on the newest innovations in bill payments, curated to deliver insight that drives business transformation.

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  •  It’s expected that by 2023, 78% percent of UK adults will use mobile apps for payments and transactions. Global Business Outlook
  •  In 2020, 45% of Gen Z consumers made a digital or mobile wallet payment. Cybercrew
  •  Young people (aged 18 to 34) and those making less than $50,000 were the most likely to miss or partially pay one or more bills. McKinsey
  • There were 3.5 billion payments made using credit cards, an increase of 7% over the previous year. UKfinance
woman paying bills from her mobile phone via rtp


image of woman paying with request to pay

Bill payments are changing

Read our guide to RfP solutions
In a fast-changing payments industry, PSPs want to maximize their share of wallet, offer competitive transaction servicing rates (while maintaining high returns), and win more customers by offering services that billers need to serve today’s ever-changing business and consumer worlds.  Above all, they don’t want to be left behind. Learn more…
picture of someone using request to pay on mobile

Your request to pay options

Which Request for Payment solution?
In this article, we examine the rise of the secure request for payment messaging solutions and the options open to banks and Payment Service Providers to use it for themselves. Learn more…

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Discuss your needs with a consultant and discover your ideal payment solution