The growth of digital only banks such as Monzo, Starling Bank, and N26 as legitimate challengers to high street incumbents is one example of traditional financial services becoming more digitised.

For consumers and utility companies, increasing the number of ways to pay a utility bill online offers a mutual benefit. Meeting consumer expectations for alternative payments and providing a more frictionless customer experience will not only result in more brand loyalty and increase the likelihood of bills being paid on time, it is also a differentiator for suppliers and grows their target market.

For some consumers, the only purpose of a paper payment slips or bills is to type the details printed on them into their online banking app. But what about customers who either don't have an account or have no interest in online banking? The number of bank branches with counters and staff is rapidly diminishing. With Paysafecash, you can pay these bills immediately using cash.