Unlock the Power of Instant Payments for a Brighter Financial Future

For Consumers

Instant payments offer consumers unparalleled speed and convenience. In urgent situations, they can receive funds promptly, providing them with the financial relief they need. Since January, the adoption of this method has seen a remarkable 15% increase. This surge in adoption has led to a significant boost in consumer satisfaction.

Consumers now have the ability to access their funds quickly, which enhances their overall financial experience. Whether it's for unexpected expenses or time-sensitive transactions, instant payments have become an essential tool in their financial toolkit.

For Small to Mid-sized Businesses (SMBs)

For SMBs, instant payments have a profound impact on cash flow management. Microbusinesses, in particular, are seeing a transformation in how they handle their finances. Nearly one-third of SMBs now primarily receive ad hoc payments via instant methods, displacing traditional checks at a rapid pace.

These faster payments enable SMBs to have better control over their cash flow, allowing them to meet their financial obligations more efficiently. It gives them the flexibility to invest in their businesses and grow without the constraints of slow payment processes.

For Enterprise Senders

Enterprise senders are adopting instant payment technologies to optimize their operational efficiency and strengthen vendor relationships. Since September 2023, the adoption of instant payment for sending ad hoc payments has grown by a significant 69%. This highlights the widespread recognition of the benefits that instant payments offer.

By leveraging instant payment methods, enterprise senders can streamline their payment processes, reduce administrative burdens, and improve their relationships with vendors. It enables them to focus on their core business activities and drive growth.

Read the December 2024 eBook to gain a deeper understanding of why consumers, SMBs, and enterprise senders are increasingly embracing instant payments. Discover the growth trajectory of instant payments and their influence on the payments landscape. Learn how these faster payments are reshaping consumer expectations and experiences regarding payment speed and accessibility. Explore the strategies that enterprise senders are using to leverage instant methods for improved efficiency and vendor relationship management.

Download the eBook - The 12 Impact Statements December 2024 eBook. This eBook, a collaboration between PYMNTS Intelligence and Ingo Payments, is based on three reports. The first survey involved 4,517 U.S. consumers from July 8 to July 23. The second survey was of 503 SMB receivers generating less than $25 million in annual revenue across the U.S. from June 16 to Aug. 13. The third survey was of 200 enterprise senders generating at least $50 million in annual revenue across the U.S. from June 20 to July 10. It provides valuable insights into the impact of growing instant payments adoption on various stakeholders.