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Today In Payments Around The World: India Pay-Later App Slice Debuts No-Fee Visa Card; Stripe To Buy African Payment Processor Paystack

PYMNTS

In today’s top payments news around the world, India’s pay-later app Slice is introducing a no-fee Visa Card, while Stripe is purchasing payment processor Paystack. Slice Integrates No-Fee Visa For Millennial Shoppers In India. Stripe is buying Paystack, a firm that says it processes over half the online payments in Nigeria.

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Interesting Answers Edition: Wells Fargo, EMV And Millennial Card Usage

PYMNTS

Will anything ever excite millennials about credit cards? Wells Fargo — faced with $185 million in fines from the CFPB and the Office of the Comptroller of Currency over the public revelation of the fraudulent creation of over 2 million accounts — has arguably won the award for worst day at a bank in 2016. Elizabeth Warren.

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Best New Financial Apps 2016, The List

Bank Innovation

Robinhood: On Target Launched in December 2014, Robinhood is a zero-fee stock trading app that quickly gained popularity among financially ambitious millennials. Robinhood was paid the enormous compliment of having “cracked the millennial code” by none other than Jay Sidhu, CEO of Customers Bank and founder of BankMobile.

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China’s Millennials Driving Mobile Payments Market

PYMNTS

Millennials in China make the vast majority of the mobile payments taking place, eMarketer reported on Thursday (June 16). million users in 2016. Mobile device users ages 21–29 and 30–39 are leading the charge in the country’s mobile payments adoption. percent annually to reach 195.3 In comparison, the U.S. can claim only about 37.5

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From Investing To Budgeting, How Millennials Are Disrupting Personal Finance

CB Insights

While the media often portrays millennials as preoccupied with the rising prices of festival tickets and avocado toast, their real financial concerns are a bit more practical. But millennials face significant headwinds in making those financial dreams a reality. get the REPORT on next generation investors. From big banks to big tech.

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Mobile Payments Tracker: Distractions And Donuts For Holiday Shoppers 2016

PYMNTS

We take a look at some of the mobile news in 2016 to see what the holiday season and 2017 may have in store. And, according to Pew Research, millennials are the group most concerned about running out of data (and the group most likely to use a mobile phone for payments). Perhaps, if doing so is convenient and hassle-free.

Mobile 100
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Online Lending And A Tale Of Two Fed Studies

PYMNTS

Online consumer lending – in a variety of forms – has grown explosively over the last decade. In 2010, digital lenders originated $249 million in unsecured personal loans, and by 2016 that number had grown ninety-fold. So how did one branch of the Fed end up on such a different page from their counterparts? Cleveland’s Dark Outlook.

Study 101