New Data: Instant Disbursement Use Spikes 8X Since 2017

Measuring Consumers’ Growing Interest in Instant Payouts - March 2024

PYMNTS Intelligence, in collaboration with Ingo Payments, has been tracking the growth of instant disbursements, which ballooned from 4.1% in April 2017 to 32% in January 2024. This latest study of 3,898 U.S. consumers, “Measuring Consumers’ Growing Interest in Instant Payouts,” explores the present and future of this payment rail.

Inside the March Study
  • 77%: Portion of consumers who would choose instant payments to receive disbursements when given the option
  • 48%: Share of consumers who received at least one government disbursement in the past year
  • 32%: Portion of consumers who regularly use instant to receive their disbursements

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    Instant Payments Report

    The 12 Impact Statements eBook
    How Instant Ad Hoc Payments Benefit Digital-First SMBs
    How Instant Pay Is Becoming the Standard for Ad Hoc Payments
    Meeting Consumers’ Urgent Need for Funds with Instant Payments
    Generation Instant: Growing Use of Instant Pay for Insurance Disbursements
    Generation Instant: Leveraging Instant Pay to Streamline Borrowing Disbursements
    Generation Instant: How Instant Payments Help Consumers Receive Overpayment Disbursements Faster
    Generation Instant: Freelancers Use Instant Payments to Reduce Financial Hardship
    Generation Instant: How Truckers Use Instant Payments to Support Their Lifestyles
    How Instant Ad Hoc Payment Costs Impact Small SMBs
    Meeting the Demand for Instant Ad Hoc Payments
    How Instant Ad Hoc Payments Drive SMB Success
    Generation Instant: Renters and Refunds
    Generation Instant: Business Expense Reimbursements
    Streamlining Ad Hoc Payments With Instant Pay
    Measuring Consumer Satisfaction With Instant Payouts
    Generation Instant: Gaming and Winnings
    Generation Instant: Hospitality and Tips