Ingo Money - Money Mobility - March 2022 - Explore how Fintechs and Neobanks can offer money mobility to win users' loyalty and achieve primary account status

Money Mobility: The FinTech’s Guide To Making Accounts Money Mobility-Ready

Money Mobility Holds Key to Helping FinTechs Win, Keep Digital-First Consumers

To replace the consumer’s bank, FinTechs and challenger banks need to offer all of the services of a bank. That increasingly means giving account holders the ability to instantly move money into and out of accounts using any payment method, while managing that risk. The Money Mobility Playbook, a PYMNTS and Ingo Money collaboration, examines the five challenges that FinTechs face to creating accounts that are Money Mobility-Ready.

Inside the March Playbook

  • 59%: Portion of U.S. consumers who opened at least one checking account with a financial services provider in 2021
  • 63%: Share of consumers worldwide who are likelier to shop with merchants that accept their preferred payment method than those that do not
  • 33%: Segment of U.S. consumers who would pay up to 5% of their disbursement’s total dollar value to access the funds instantly

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