Keep on top of bills with open banking apps
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- Опубликовано: 24 авг 2022
- Pay bills on the move and avoid incurring late charges. See how simple it can be with an app.
Sarah gets a text from one of her providers. It's a reminder that she's missed a bill payment.
Sarah is out of the house and she's keen to pay today to avoid additional charges.
Fortunately, her provider uses open banking.
She taps the link in the text message, which opens up her provider's mobile app.
It shows the right amount and reference number, who she's paying and the bank account she'll be paying from.
Sarah accepts these details and is redirected to her mobile banking app.
She authenticates in app to approve the payment.
Her bank then sends her back to her provider's app, which confirms the payment.
For Sarah, it's another job done.
For the provider, it means on time payment, easier reconciliation, and no more suspense accounts.
And it's not just bills.
Open banking payments are transforming utilities, telco, industry, government...