The numbers for mobile device bill pay usage have spiked in the past year. In fact, only consumer adoption of online banking comes close to the market share mobile applications are capturing on an almost daily basis.
The Seventh Annual Billing Household Survey released in December by Fiserv revealed rapid growth for mobile bill payment, according to Eric Leiserson, senior research analyst at the Brookfield, Wis.-based firm.
In 2012, eight million U.S. households made some sort of payment from a mobile device. By 2014, the number had risen to 27 million.
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