Meeting Consumers’ Urgent Need for Funds with Instant Payments

Hurricanes Underscore Consumers’ Urgent Need for Instant Payments

Meeting Consumers’ Urgent Need for Funds with Instant Payments

Consumers increasingly report they urgently need their disbursements. In fact, 24% say they need funds in 30 minutes or less and another 22% say they need disbursements the same day. PYMNTS Intelligence’s latest report, “Meeting Consumers’ Urgent Need for Funds with Instant Payments,” a collaboration with Ingo Payments, details the ongoing rise of instant payments.

Inside the October Study

  • 24%: Share of consumers who report they need their disbursements in 30 minutes or less
  • 57%: Share of disbursement receivers who need their funds immediately who
    would pay for instant payments
  • 37%: Portion of consumers who say they most often receive select disbursements
    instantly

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