Mass Payments

Mass Payments

NEW DATA: Cash-Strapped Consumers Want Mass Payments Via Digital Wallets and Will Pay For Choice

In the Mass Payments Playbook: The Paycheck-to-Paycheck edition, a PYMNTS study of about 4,000 consumers showed almost half want to receive mass payments via digital wallets, with many saying they’re willing to pay extra to get it that way.

Inside the October Playbook

  • 275 million: Number of mass payments collectively received by U.S. consumers living paycheck to paycheck in June
  • 43 percent: Share of consumers living paycheck to paycheck and struggling to pay bills who receive employee incentive payments
  • 44 percent: Portion of consumers living paycheck to paycheck and struggling to pay bills who prefer to be paid via digital wallet

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