How Open Banking Can Provide Fast and Easy Consumer Payouts
This PYMNTS Intelligence and Trustly collaboration examines how consumers currently receive payouts from merchants, service providers or government agencies.
In this report, you'll learn:
• 71%: Share of consumers who received payouts from public institutions and had them sent directly to their bank accounts
• 50%: Share of millennials who report that the availability of open banking connectivity features highly influence their choice of merchant or provider
• 92% of consumers who received funds in or near real-time reported they are very or extremely satisfied
• 48%: Share of consumers who received a larger number of payouts who said connectivity features are their most preferred way to receive funds