Today In Data: The Rise Of Faster Payment Systems

Businesses are able to deliver funds to buyers, sellers, employees and suppliers quicker than ever before with the rise of faster payment systems. Almost three quarters of treasurers say they are using same-day payments or another immediate payment option. At the same time, mobile payment systems like M-PESA are attracting tens of millions of customers. In addition, Etsy has beat third-quarter earnings and revenue estimates, while Minnow is developing pods to provide diners with a faster way to pick up their restaurant takeout orders.

Data:

$150.4 million: The third-quarter revenues of arts and craft marketplace Etsy, which beat estimates.

64 percent: The share of treasurers who reported using same-day payments or other immediate payment solutions.

53.9 percent: The proportion of quick-service restaurant (QSR) customers who wait in line for pickup.

28 million: Mobile payment system M-PESA has more than this number of active customers.

16 percent: The projected compound annual growth rate (CAGR) of the global home and garden business-to-consumer (B2C) eCommerce market through 2022.