Papaya is a bill pay solution that allows consumers to pay any bill, instantly and automatically, through the Papaya app as well as through any biller, merchant, or bank partnered with Papaya
Consumer bill pay is an enormous market, with $4T+ of bills paid annually. Bill pay is a large pain point for Americans and there is a strong need to improve the experience. Current solutions are legacy and cumbersome for consumers, either a sub-optimal biller directory search experience in a bank’s app or manually tracking and visiting 8-10+ individual biller websites to directly pay bills.
Papaya is leading with a “one click checkout”-like experience for consumer bill pay. Their unique, OCR-led product provides an automatic, instant bill pay experience for consumers and translates into higher payment/collection rates for billers/merchants.
