Microsoft has revealed plans to facilitate payment of bills or invoices directly from the inbox of the Outlook e-mail.
The new Payments in Outlook will be powered by Microsoft Pay and is expected to eliminate the need for switching to another app or service to pay for bills that are received over the mail.
Go deeper with GlobalData
This will be made possible when businesses that send such bills or invoice notifications integrate a payment action within Outlook.
Initially, the service will be supported by payment processors such as Stripe and Braintree.
Billing services, including Zuora, and invoicing services such as FreshBooks, Intuit, Invoice2Go, Sage, Wave and Xero will also participate. Microsoft further noted that it intends to collaborate with Fiserv.
In its blog post, Microsoft said: “We will soon be introducing payments in Outlook to help users to pay bills or invoices, right in email, without needing to switch to another app or service.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData“Note that Outlook is not a bill payment service and Microsoft is not acting as a bill pay agent.”
The new service is set to be launched in phases, with plans to roll out for a limited number of Outlook.com customers over the coming weeks, followed by further expansion.
