How Instant Payments Ignited In Just Three Short Years

Real “hockey-sticking” ignition is a fairly rare phenomenon.

Lots of innovators come to market claiming they’re ready to explosively disrupt the status quo, but the number of products that actually do manage that kind of up-and-to-the-right adoption pattern are far fewer in number. In the recent past, there is probably only one technology that has inarguably shown that kind of adoption pattern: the smartphone.

But by the numbers, it is starting to look an awful lot like instant disbursements are about to join the pantheon. As of the closing days of 2019, instant payments are far from an exotic product. 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.

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