Money Mobility Tracker®: Digital Rebuild: Transforming Payments in the Construction Industry

Digital Payments Could Eliminate Construction’s $280B Late Payments Problem

Money Mobility Tracker®: Digital Rebuild: Transforming Payments in the Construction Industry

Slow, error-prone payments are draining billions from the construction industry, putting businesses, projects and workers’ livelihoods at risk. The latest “Money Mobility Tracker®,” a collaboration with Ingo Payments, reveals how faster, digital payment solutions can upend the trend — boosting cash flow, cutting costs and helping firms stay ahead of tightening regulations.

Inside the October Tracker

  • Delays in vendor and employee payments risk bringing construction to a halt.
  • Adopting faster payments can help construction firms improve their overall financial health by reducing payment errors and delays.
  • Construction firms should modernize their payment systems for their own sake, but regulators are giving them even stronger reasons to do so.

    By completing this form, you agree to receive marketing communications from PYMNTS and consent to the sharing of your information with our sponsors, where applicable, in accordance with our Privacy Policy and Terms and Conditions. Sponsors may use this information to contact you directly. You may update your preferences or withdraw your consent at any time.

    to our daily newsletter, PYMNTS Today.

    Money Mobility