Pageonce’s drive to create a mobile checkbook on your smartphone just reached a new gear.
The new service, Pay Anyone, gives smartphone users the ability to make the sort of frequent, informal payments typically reserved for checks. Rather than write a check to the landlord or the babysitter or the repairman, users will simply be able to make the payment as part of a person-to-person transaction using their Android or iOS device.
The new app is designed to deepen Pageonce’s presence in the local payments market, where checks written to small businesses and individuals represent trillions in purchase value. Here’s a closer look at what’s on the table:
- Consumers write 11 billion checks a year to small businesses and individuals
- Pageonce currently processes more than $1 million in bill payments daily
- More than 50% of consumers do not use or rarely carry a checkbook, according to 2013 study
- Pageonce has $23 million in funding; 6,000 billers; more than 7.5 million users