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Huge Growth for Mobile Bill Payment Means Big Growth for Regalii

By Steve Anderson
April 05, 2016

Paying bills is one of those things most of us would likely rather not do, but need to anyway to ensure the continued supply of power, heat, and other things that have long been necessary. Mobile bill payment has offered us a note of detachment and an easier way to do the job, which led to widespread growth. Regalii has taken advantage of that growth to raise its own fortunes, and doesn't plan to stop any time soon.

Regalii offers application programming interfaces (APIs) for banks and other financial organizations, and recently saw its numbers on the rise. Growth for the quarter broke records, and customers were paying a combined total of over 153,000 bills a month with Regalii's tools. This represented 14 times the amount seen in the first quarter of 2015, and Regalii was expecting more such growth in the future. The company not only tripled its available office space, taking on new quarters in downtown Manhattan, but has also been on a hiring tear, averaging one new employee a week to reach its current level of 25.

A host of firms put Regalii's APIs to use, including IDT, Castle Checking, Sendcashglobal.com and several others, leading Regalii's CEO and co-founder, Edrizio de la Cruz, to note that the company “...expect(s) to be at a million transactions per month soon.” With better than 1,000 billers in 11 different countries on board with Regalii, it might well reach that level before too much longer.

Perhaps best of all for users, Regalii offers what could be called an omnichannel experience. It works with mobile devices, Web-based apps, and even physical storefronts to deliver its services. Cross-border issues aren't much of a problem either; reports describe how a user in the United States can pay both local bills and those of a family's back in Mexico as well. Users can track recurring bills like tuitions or utility bills, and set these bills for automatic payment.

Convenience is a major selling point these days. People have a lot to do, and being able to trim a few minutes off any one activity means a few minutes to put somewhere else. With that in mind, it's clear why users would be interested in Regalii's services, particularly those who do business across borders frequently. Throw in the automation and the growing range and Regalii would be an attractive proposition. If it wants to maintain that growth, however, it will need to steadily increase the number of places Regalii is accepted as a bill payment system in order to maintain that value.

Time savings are almost as good as cash savings, and Regalii offers both. With the added value to the businesses who accept Regalii—bills get paid faster, which means better cash flow—it's likely that Regalii will keep growing for the foreseeable future.

Edited by Maurice Nagle

Contributing Writer

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