Measuring Consumers’ Growing Interest in Instant Payouts – March 2024

New Data: Instant Disbursement Use Spikes 8X Since 2017

Measuring Consumers’ Growing Interest in Instant Payouts – March 2024

PYMNTS Intelligence, in collaboration with Ingo Payments, has been tracking the growth of instant disbursements, which ballooned from 4.1% in April 2017 to 32% in January 2024. This latest study of 3,898 U.S. consumers, “Measuring Consumers’ Growing Interest in Instant Payouts,” explores the present and future of this payment rail.

Inside the March Study

  • 77%: Portion of consumers who would choose instant payments to receive disbursements when given the option
  • 48%: Share of consumers who received at least one government disbursement in the past year
  • 32%: Portion of consumers who regularly use instant to receive their disbursements

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