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