Thinking of building a bill payments app
An app which consolidates all you recurring expenses in one place helps you pay, remember and track?
What do you guys think?
ucyclone
Why is everyone into Bills
Is the integration of bill and utility payments into apps primarily driven by the desire for an additional revenue source, or does it represent a highly profitable model, especially for apps with widespread distribution?
15mo ago
Xvz
Cred15mo
Google pay has good revenue and profitable. Unlike phonpe Paytm it's not a super app. Only earning from bills, utility.
So it is valuable in revenue and for growth as well
ucyclone
Fintech Startup15mo
Right?
Docker
Startup15mo
Bill payment use case is used for stickiness: it is a recurring things and makes the user come back to the app often. It increases the MAU and gives the app one more shot at selling users their other/main offerings. It’s a cost effective way to keep up engagement.
Unanimous
What is the commission structure like for bill payments?
ucyclone
Fintech Startup15mo
I don't know that exactly only had a rough idea, would like to know
ucyclone
Fintech Startup15mo
So which means utility bills payments is a profitable mechanism?
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Curated from across
BeingContrarianStudent5mo
Products with subscription models suck your souls
Monthly subscription models are extremely detrimental to your mental health.
If you are a developer, you must have used a lot of tools with pay per use monetization models and they are great for two reasons:
1/ No unwanted anxiousness...
BeingContrarianStudent5mo
Products with subscription models are blackholes
Monthly subscription models are extremely detrimental to your mental health.
If you are a developer, you must have used a lot of tools with pay per use monetization models and they are great for two reasons:
1/ No unwanted anxiousness...
BeingContrarianStudent5mo
Products with subscription models are blackholes
Monthly subscription models are extremely detrimental to your mental health.
If you are a developer, you must have used a lot of tools with pay per use monetization models and they are great for two reasons:
1/ No unwanted anxiousness...
Top comment
The App Store and Play Store are a duopoly and we have allowed them way too much power. Atleast Android has options ...