Money Mobility: The FinTech’s Guide To Making Accounts Money Mobility-Ready
Money Mobility Holds Key to Helping FinTechs Win, Keep Digital-First Consumers
To replace the consumer’s bank, FinTechs and challenger banks need to offer all of the services of a bank. That increasingly means giving account holders the ability to instantly move money into and out of accounts using any payment method, while managing that risk. The Money Mobility Playbook, a PYMNTS and Ingo Money collaboration, examines the five challenges that FinTechs face to creating accounts that are Money Mobility-Ready.
Inside the March Playbook
- 59%: Portion of U.S. consumers who opened at least one checking account with a financial services provider in 2021
- 63%: Share of consumers worldwide who are likelier to shop with merchants that accept their preferred payment method than those that do not
- 33%: Segment of U.S. consumers who would pay up to 5% of their disbursement’s total dollar value to access the funds instantly