PYMNTS

JUNE 8, 2018

Driven by younger customers, such as millennials and teens, casual luxury is bolstering sales of luxury apparel, handbags and footwear. The really-growing brands now beating the market are the ones already hooking these teenagers,” Bain Partner Claudia D’Arpizio told CNBC.

Millennials 100

Millennials social media Branding Groups 100

PYMNTS

JUNE 25, 2019

P2P and Millennials. For instance, according to one report from LendEDU , a student loan refinancing company, about 33 percent of millennials had paid for drugs via Venmo — and that was in late 2017. Surveys and other types of reports are taking note of this apparent trend.

Payments 115

Payments Marketing Millennials Trends 115

PYMNTS

NOVEMBER 15, 2018

But there are also gaps: consumers unbanked , and places where the pace of innovation is pricing out those who can’t afford to be cutting-edge. Data: $10 billion: Current value of the global digital identity market. 24 percent: Share of millennials who are credit union members. households that were wholly unbanked in 2017.

Data 128

Data Virginia Payments Millennials 128

PYMNTS

JANUARY 22, 2018

More important, perhaps, than the innovations they made on behalf of their more famous lead players, was how their contributions accelerated those innovations’ time to market. Innovation in payments and commerce has an unsung hero, too. And who will influence how innovation happens. Distribution.

Innovation 135

Innovation Online Branding El Paso 135

PYMNTS

OCTOBER 22, 2018

People of all stripes — from millennials to baby boomers, from Generation X to the Greatest Generation — are increasingly swapping the friction of shopping in a store for the convenience of using one of the many connected devices they now own to shop and buy from instead. That’s up sharply from 2017. Bridge Millennials are the 20.7

Millennials 212

Millennials Study Payments Data 212

PYMNTS

SEPTEMBER 18, 2018

And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. But a standstill in the credit markets created a vacuum for a bit, at least along traditional lending conduits. Necessity is the mother of invention.

Lending 148

Lending Innovation Fintech Cards 148

PYMNTS

JULY 25, 2018

It’s a big market today (which will be an exponentially bigger market tomorrow), one that innovators from all over technology, retail, payments and financial services are rushing to get in on at the ground floor, even though that ground floor itself is being built underneath them. Voice commerce sales in 2017 were 1.8

Marketing 100

Marketing Millennials Google Mobile 100

PYMNTS

MAY 23, 2019

Zero, a company that aims to modernize credit cards for the millennial generation, has raised $20 million in a Series A funding round, according to a report. million raise in the fall of 2017, which was led by Eniac, and it also raised $7 million in venture debt from Silicon Valley Bank. Zero announced an $8.5 in a statement.

Cards 135

Cards Millennials FDIC ATM 135

PYMNTS

AUGUST 11, 2017

This stems from emerging markets like China, Russia and the United Arab Emirates starting to move into the luxury purchasing arena, with 70 percent of consumers increasing their spending. Within these emerging markets, we’ve seen retailers make large bets on luxury.

Millennials 122

Millennials Survey Retail social media 122

Accenture

APRIL 26, 2017

Given that this trend is coinciding in with an ongoing shift by younger consumers towards more innovative channels—the likes of wearables, social media and instant messaging—it’s possible that the continued strong usage of branches is a transitory effect. But our study gives no indication of that. Stay tuned. [1-5]

Millennials 233

Millennials social media Innovation Study 233

CB Insights

OCTOBER 24, 2018

The POS startup market is growing, as consumers seek more transparent credit options and merchants look for new ways to boost sales. According to CB Insights data, 9 POS lenders have raised $700M+ across 14 deals since June 2017. However, t he company has traded down over its first couple months on the public markets. .

Millennials 65

Millennials Lending Cards Capital 65

PYMNTS

JUNE 4, 2019

Cars and quick-service restaurants (QSRs) have been interconnected since drive-ins were the latest innovation. QSRs and coffee merchants have been some of the most prominent testers in the connected commerce market, likely because those are the two categories that are most active among commuter commerce users. percent vs. 45.8

Millennials 184

Millennials Google Mobile Report 184

PYMNTS

MARCH 6, 2019

By today’s standards, it looks anything like an innovative brand. But then, looks can be deceiving — 100 years ago, Corning Glass Works had just introduced a massive innovation into the lives of home cooks everywhere. Yes, Instant Pot-side chats are the fireside chats of the millennial generation.

Branding 108

Branding Millennials Innovation Marketing 108

PYMNTS

OCTOBER 19, 2018

Millennials are credited as the digital generation, leaving their parents and grandparents behind, even though a majority of consumers over the age of 60 are banking online and regularly interacting with chatbots. Data: 500,000: The approximate number of students of Indian origin who traveled abroad to study in 2017.

Data 152

Data Study Millennials Online 152

PYMNTS

JANUARY 31, 2018

31) that Visa Checkout, the online payment method introduced in the United Kingdom in the middle of 2017, hit a milestone by securing 1 million customer accounts. is now among the fastest-growing markets for Visa Checkout. Millennials top the list here, as 85 percent have ordered food delivery. The company said the U.K.

Millennials 100

Millennials Online Study Security 100

William Mills

APRIL 20, 2017

This discussion focused on the intersection of the digital and physical worlds and innovation. Tony Garritano from Progress in Lending held an Innovations Awards event at the London House which showcased seven companies in the mortgage industry that are leading the way in compliance, eClosings, appraisals and information management.

blockchain 46

blockchain Detroit Conference Knowledge Base 46

PYMNTS

JANUARY 23, 2017

WHAT DO HILLBILLIES HAVE TO DO WITH PAYMENTS INNOVATION? As important as that work is, discussing this social and public policy agenda isn’t why I was intrigued by Vance and his book — nor why I asked him to join me on stage on March 15, 2017, at the Innovation Project. Here’s what that part of this story looks like.

Innovation 100

Innovation Payments Taxes Policies 100

Abrigo

JUNE 14, 2017

It also “promote[s] a higher standard of trust with customers,” and provides an efficient and affordable “approach to innovation,”especially now that these partnerships are becoming increasingly popular among banks, says René Lacerte in a recent Forbes article. Are your primary customers millennials, demanding mobile banking services?

Fintech 170

Fintech Software Lending Millennials 170

PYMNTS

SEPTEMBER 17, 2018

13 through 16, is further evidence of the eCommerce giant’s “new retail” strategies, where offline and online conduits converge, as noted by sites such as marketing-interactive.com. Data from CBN also found that millennials launched as many as 700,000 shops on the Taobao platform last year. The September event, which spanned Sept.

Millennials 134

Millennials Lending Retail Trends 134

PYMNTS

DECEMBER 28, 2018

There were plenty of tailwinds that pushed the segment forward: A strong economy, healthy consumer interest in credit and advances in credit scoring technology were all instrumental in pushing more consumers into the market, particularly in the first half of the year. Resetting Mortgage Services. They are becoming homebuyers.”

Millennials 145

Millennials Lending System Data 145

PYMNTS

AUGUST 26, 2019

The latest Payments And The Platform Economy Playbook examines how marketplaces are using technologies like AI to innovate the customer experience. Visual search has held promise for online retailers for some time, especially since offering more visual content can engage tech-savvy millennial and Gen Z consumers.

Customer Experience 109

Customer Experience Millennials Retail social media 109

PYMNTS

OCTOBER 21, 2019

The move comes amid growth in the larger maternity market, however, with sales of that apparel expected to reach $7.7 percent CAGR since 2017, according to one recent estimate. From rue21 to Walmart, retailers in the clothing and accessories market are enabling ways to make shopping a little easier. Larger Trends.

Trends 101

Trends Retail social media Online 101

PYMNTS

DECEMBER 18, 2019

percent it fell in 2017 according to IWSR, an industry tracker for the drinks market. . Folks in the Millennial generation have maybe a better sense of balance. The gradual shift away from drinking as a central social activity has also created an entrepreneurial opportunity for innovators looking to fill a vacancy.

North Carolina 131

North Carolina Millennials America Boston 131

PYMNTS

JANUARY 10, 2018

For example, over the last two years, Mastercard has moved its focus from start-ups that are still quite nascent, to those that have taken important steps to grow by raising funds, putting an actual product in market and beginning to scale. “And our goal is to find the opportunities to work together with start-up companies.”.

Company 194

Company Meeting Millennials blockchain 194

PYMNTS

JULY 30, 2018

Blue Apron has long enjoyed the distinction of being among the early innovators in the meal kit category. With millennials working multiple gigs, very few have enough time left to make a proper meal — if they aren’t eating out at a local restaurant. Business exploded by the fourth quarter of 2017, and the company reported 1.45

Industry 100

Industry Los Angeles Atlanta New York City 100

PYMNTS

MAY 25, 2017

The firm in March won gold at Innovation Project 2017 for “Best Comeback Story.”. Broadly speaking, said the CEO, “there has been a tremendous amount of technology innovation in restaurants and certainly that has been the case with things like online ordering, online reservations.”.

System 112

System Technology Innovation Tools 112

PYMNTS

JULY 30, 2019

We are excited about the trajectory of our two-sided marketplace — both in terms of geographic diversity and depth in individual markets. billion and is rapidly eating up Grubhub’s market share. The competitive food delivery market could balloon to $24 billion by the year 2023, from $17 billion this year. New Players.

Millennials 100

Millennials Google Mobile Maine 100

PYMNTS

MARCH 29, 2018

Porsche is working with Atlanta-based Clutch Technologies, which developed the app and already markets a vehicle subscription service in parts of the country. CNBC noted the program could be boosting Porsche’s sales — it logged its eighth year in a row of growth in 2017 at the same time that overall U.S. are likely to come in up 0.4

Atlanta 123

Atlanta Taxes Millennials Branding 123

PYMNTS

FEBRUARY 23, 2018

percent in 2017, Taco Bell has been drawing in customers with new food items, a Live Más marketing campaign and new nacho fries for $1. billion in domestic sales — More and more McDonald’s markets are lovin’ it as the iconic American burger chains continues to expand its delivery efforts. . Market Differentiation.

Online 101

Online US Payments Mobile 101

PYMNTS

AUGUST 22, 2018

We are redefining how fashion is bought and sold through technology, data and innovation.”. Those three tranches — the aforementioned technology, data and innovation — are being deployed by Farfetch on a global stage that has a number of zeros attached to it. That was $74 million in 2017. Within that, how much is online?

Online 101

Online Retail Branding Data 101

PYMNTS

DECEMBER 21, 2020

You can see it in how investors are putting money to work in both consumer-facing and B2B startups, and how startups and incumbents are forging new partnerships to move innovation faster to market. And since iPhone users skew more to the affluent, it also denied those innovators the opportunity to monetize their spend.

Apple 227

Apple Study Innovation Survey 227

PYMNTS

MAY 24, 2019

Older customers might prefer human interaction and want nothing to do with automated help , while millennials or Gen Z might want to solve their issues through chat windows powered by AI. clothing rental market is projected to reach $4.4 According to the Payments and The Platform Economy Playbook , the U.S. billion by 2028.

Online 130

Online Millennials Payments Customer Experience 130

PYMNTS

AUGUST 27, 2019

One-third of Gen Z members and more than one-quarter of millennials will make secondhand purchases in 2019 due to environmental concerns and cheaper prices, for example. The online thrifting market combines both of these factors, making it especially popular among both demographic groups.

San Francisco 116

San Francisco Online Retail Millennials 116

PYMNTS

JULY 13, 2019

According to one recent report , “the global board games market is anticipated to reach values of more than $12 billion by 2023, growing at a CAGR of over 9 percent during 2017-2023.”. Board Game Growth. Let’s get to that in minute. First, some context. Among the reasons for that? Such cafés are especially popular in the U.S.

Video 220

Video Trends Online Millennials 220

CB Insights

AUGUST 6, 2017

After a client requested copies of all our recent market maps, we decided to take it a step further. Below you’ll find a collection of all our CB Insights market maps and unbundling/disrupting graphics. 145+ Tech Startups Focused On Transforming Capital Markets In One Market Map. This post is broken into sections.

Industry 78

Industry Marketing Fintech Software 78

PYMNTS

APRIL 19, 2016

” Retailers have come to recognize the incredible marketing opportunity presented by the multi-weekend music festival in Southern California. Todd Smith, president and CMO at Sonic, told MarketWatch that this campaign comes from the company’s long experience with the millennial demographic.

social media 100

social media Millennials San Francisco California 100

PYMNTS

APRIL 5, 2018

The most recent PYMNTS’ Gig Economy Index , for example, found that 51 percent of gig workers surveyed in the fourth quarter of 2017 reported being paid within one week of rendering their services. The survey was conducted in November and December of 2017 and included 22 FIs that represent 78 percent of the ACH Network origination volume.

Tools 108

Tools Survey Payments Examples 108