Getting Payors On Board The Instant Payments Bandwagon
December 27, 2019
The word is out about instant payments — a fact made largely indisputable by the numbers. According to the latest edition of the PYMNTS Disbursement Tracker, 64 percent of consumers have heard of instant payments and are interested in knowing more, a dramatic uptick over 2017 when only a little over a third of consumers had even heard of this new way to be paid.
The numbers go beyond awareness. Instant disbursements are also picking up steam where it really counts — usage. When we asked in 2017 how many consumers have received an instant payment, the answer was a mere 11 percent. When we asked again this year, that number had skyrocketed to 42 percent.
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