Nearly three-quarters of bills will be paid digitally by 2022 — this is how banks can stay ahead of the trillion-dollar opportunity

This is a preview of a research report from Business Insider Intelligence, Business Insider's premium research service. To learn more about Business Insider Intelligence, click here.

Between housing costs, utilities, taxes, insurance, loans, and more, US adults paid an estimated $3.9 trillion in bills last year.

Business Insider IntelligenceThat market is growing slowly, but it’s changing fast — more than ever before, customers are moving away from paying bills via check or cash and toward paying online, either through their banks, the billers themselves, or using a third-party app.

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See Also:

• PayPay responds to customer concerns and complaints with upgraded security
• Pew study: US consumers are less reliant on cash
• Apple Pay is finally coming to CommBank

from Business Insider https://read.bi/2T0iUXu