PayPal Is the Digital Wallet of Choice for Consumers, So We Added It!
September 27, 2022
Partnering with PayPal was a no-brainer for us. Consumers love it and it helps you provide enhanced online bill payment offerings to your customers. To top it off, our recent research on digital wallets revealed PayPal is the preferred solution for consumers,1 confirming we made the right decision for you and your customers when we formed this partnership.
If you’re using our KUBRA EZ-PAY® platform, your customers can make secure and safe bill payments using PayPal via any web browser or smartphone. By offering PayPal to your customers, you’re giving them access to an innovative, secure, and trusted payment option that helps increase customer satisfaction, reduce partial and late payments, and boost your billing receivables.
Digital Wallet Use Is Surging, and PayPal Is Preferred
Demand for and usage of digital wallets is up in large part because customers want to pay for goods, services, and bills quickly and get on with their day. Case in point, nearly seven in 10 consumers used a digital wallet in 2022 to make purchases.2 And it isn’t just goods they’re using their digital wallets for, it’s also bills. 37% have paid a bill using a digital wallet in 2022 and 57% of consumers said they would consider using digital wallets to pay their bills in the future.3 For 51% of consumers, PayPal is their digital wallet of choice.4
By supporting PayPal and Venmo, new and existing KUBRA clients can offer their customers more convenient payment experiences, payment choice, flexibility, and speed when making bill payments.
“Consumer demand for more digital payment options is at an all-time high, especially digital wallets,” said Rick Watkin, President and CEO of KUBRA. “Offering convenient and frictionless payment options like PayPal and Venmo across KUBRA supported channels helps meet this growing demand.”
About PayPal
PayPal is a digital wallet that allows customers to pay their bills in an easy and secure way. Used by over 400 million active accounts, PayPal is one of the most trusted brands across all payment providers.5 Customers enjoy fast and easy checkouts and take comfort in the sophisticated end-to-end encryption offered by this payment solution.
About Venmo
Venmo is a digital wallet that makes it easy for customers to pay their bills, send/receive money, and split bills with family, friends, or roommates. This secure solution is used by more than 65 million people and is particularly favored by Millennials.6
To learn more about PayPal, click here and for more information about KUBRA’s comprehensive payment platform, visit https://www.kubra.com/products-and-services/billing-and-payments/kubra-ez-pay.
Sources:
- KUBRA Digital Wallets Research 2022.
- KUBRA Digital Wallets Research 2022.
- KUBRA Digital Wallets Research 2022.
- KUBRA Digital Wallets Research 2022.
- An online study commissioned by PayPal and conducted by Netfluential in November 2020, involving 1,000 U.S. online shoppers ages 18-39.