Print/Envelopes: Long live the statement
Could the rise of digital print and online billing see the death of paper-based statement marketing, asks Claire Foss.
The synergies between statements and marketing are obvious: customers are more likely to open, read and engage with statements and bills. Once the technology to produce tailored messages is in place, running costs are low. Brands including HSBC, BT and GE as well as most utility, telecoms and financial services are engaged in statement marketing programmes.
They are mining a rich seam. Transactional mail constitutes a third of the UK’s total mail, according to a Triangle Transactional Mail survey in January, of which about 70 per cent was generated from financial services.
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