The Mass Payment

The Mass Payment

NEW DATA: Three-Quarters of Mass Payment Recipients Would Pay to Have Choice in How They Receive Funds

Only 58 million mass payment recipients in the United States actually have a choice in how they get paid, even though 74 percent said they’d be willing to pay a fee for the chance to do so. The Mass Payments Report, a PYMNTS and Tango Card collaboration, examines this untapped opportunity and why digital wallets and direct deposit stand out above the rest.

Key Findings in the Study Include:

  • $108 billion: Total value of mass payments consumers received in June
  • 32 million: Number of mass payment recipients in the U.S. who have no option regarding how they collect their payments
  • 49 percent: Share of mass payment recipients who would choose to receive these payments via PayPal, mobile wallet or direct deposit

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