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

    BY COMPLETING THIS FORM, I HAVE READ AND ACKNOWLEDGED THE TERMS AND CONDITIONS.

    Instant Payments Report

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    The Preference Match Imperative: Aligning Payout Delivery With Recipient Expectations The Preference Match Imperative: Aligning Payout Delivery With Recipient Expectations
    Fee Sensitivity and the Opt-In Economics of Instant Payouts Fee Sensitivity and the Opt-In Economics of Instant Payouts
    Instant Payouts: The New Paycheck for a Real-Time Economy Instant Payouts: The New Paycheck for a Real-Time Economy
    Fast Funds, Steady Cash Flow: How Instant Disbursements Empower SMBs Fast Funds, Steady Cash Flow: How Instant Disbursements Empower SMBs
    The State of Digital Disbursements: Why Consumers Prefer Instant Payments The State of Digital Disbursements: Why Consumers Prefer Instant Payments
    Instant Payments: A Strategic Tool for Vendor Relationships and Urgent Transactions Instant Payments: A Strategic Tool for Vendor Relationships and Urgent Transactions
    Digital Transformation and Instant Payments Fuel Business Disbursement Efficiency Digital Transformation and Instant Payments Fuel Business Disbursement Efficiency
    The 12 Impact Statements eBook The 12 Impact Statements eBook
    How Instant Ad Hoc Payments Benefit Digital-First SMBs How Instant Ad Hoc Payments Benefit Digital-First SMBs
    How Instant Pay Is Becoming the Standard for Ad Hoc Payments How Instant Pay Is Becoming the Standard for Ad Hoc Payments
    Generation Instant: Growing Use of Instant Pay for Insurance Disbursements Generation Instant: Growing Use of Instant Pay for Insurance Disbursements
    Generation Instant: Leveraging Instant Pay to Streamline Borrowing Disbursements Generation Instant: Leveraging Instant Pay to Streamline Borrowing Disbursements
    Generation Instant: How Instant Payments Help Consumers Receive Overpayment Disbursements Faster Generation Instant: How Instant Payments Help Consumers Receive Overpayment Disbursements Faster
    Generation Instant: Freelancers Use Instant Payments to Reduce Financial Hardship Generation Instant: Freelancers Use Instant Payments to Reduce Financial Hardship
    Generation Instant: How Truckers Use Instant Payments to Support Their Lifestyles Generation Instant: How Truckers Use Instant Payments to Support Their Lifestyles
    How Instant Ad Hoc Payment Costs Impact Small SMBs How Instant Ad Hoc Payment Costs Impact Small SMBs
    Meeting the Demand for Instant Ad Hoc Payments Meeting the Demand for Instant Ad Hoc Payments
    Measuring Consumers’ Growing Interest in Instant Payouts - March 2024 Measuring Consumers’ Growing Interest in Instant Payouts - March 2024
    How Instant Ad Hoc Payments Drive SMB Success How Instant Ad Hoc Payments Drive SMB Success
    Generation Instant: Renters and Refunds Generation Instant: Renters and Refunds
    Generation Instant: Business Expense Reimbursements Generation Instant: Business Expense Reimbursements
    Streamlining Ad Hoc Payments With Instant Pay Streamlining Ad Hoc Payments With Instant Pay
    Measuring Consumer Satisfaction With Instant Payouts Measuring Consumer Satisfaction With Instant Payouts
    Generation Instant: Gaming and Winnings Generation Instant: Gaming and Winnings
    Generation Instant: Hospitality and Tips Generation Instant: Hospitality and Tips