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Most Mobile Banking Consumers Use Payment Apps to Pay Bills

Most Mobile Banking Consumers Use Payment Apps to Pay Bills

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Nearly three-quarters of mobile banking app users use a mobile payment app to pay a bill, according to February 2016 research. That’s about three times as many as use one to send money to a friend.

S&P Global Market Intelligence surveyed 3,897 adult US mobile banking app users. According to the data, 73% said they use mobile payment apps to pay a bill. Some 41% of mobile banking app users use one to pay for retail purchases, by either waving or tapping their phone.

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