Gig and Gaming Industries Drive Surge in Instant Payments

Money Mobility Tracker® - Gigs and Games: How Instant Payments Are Gaining Ground for Ad Hoc Transactions

The rapid growth of payments outside of traditional payroll and invoicing — such as gig and gaming payouts — is driving a surge in instant rails as the most common way to make these payments. The latest “Money Mobility Tracker®,” a collaboration with Ingo Payments, explores how cost savings, improved vendor retention and superior customer loyalty are making instant methods the standard for nonrecurring payments.

Inside the December/January Tracker
  • Led by the largest enterprises, instant payments are quickly becoming the default method for distributing ad hoc payments.
  • Businesses face myriad challenges in implementing instant ad hoc payments. Chief among these is the cost of integrating real-time systems — on both the sending and the receiving ends.
  • Despite roadblocks, adopting instant rails for ad hoc payments promises many benefits for senders. Cost savings, improved vendor retention and superior customer loyalty are some of the biggest advantages.

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    Money Mobility