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Complete Story
11/10/2023
What We Know After 6 Years of Asking Consumers About Receiving Instant Payments
PYMNTS
In the last year, 62% of consumers received disbursements from various corporate and government agencies, with the average consumer receiving $34,000.
In the last two years, consumers have received just 36% of payouts via instant payment rails. Payors have an opportunity to increase the use of instant payments, as 72% of consumers prefer this method, and 62% would have chosen instant options if they had the chance. Consumers are also willing to put their money where their mouth is. Many are willing to pay a fee to receive payouts via instant rails, especially those receiving payments for freelance, contract or consulting projects.
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