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In Retail, Are Rewards Their Own Reward?

PYMNTS

credit cards, 1.3 debit cards and 1.3 store affinity cards. And of those 500 users, 38 percent said card usage is driven by how much cash they have on hand; another 25 percent said their choice to use plastic is driven by the rewards that come with those chosen payment methods.

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Mobile Payments: What’s In It For Me?

PYMNTS

While mint chocolate chip ice-cream might be the way to a foodie’s heart, MintChip digital currency is not the way to a millennial’s mobile wallet, apparently — at least not in Liberty Village, Toronto. Samsung Pay provides gift cards from Dunkin’ Donuts, and users earn money with its own rewards prepaid card.

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1M Users & Growing: 20+ Fintech Startups That Have Crossed The 1 Million Account Mark — And How They Got There

CB Insights

Under the radar growth: Propel’s app Fresh EBT reportedly has over 2M monthly active users (MAUs), but the mobile app has over 5M+ downloads according to Google Play data. Product engagement and maintaining a clean UX/UI. Nubank is the largest challenger bank today and has 9M customers (across credit cards and bank accounts).

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The 2019 GonzoBanker Awards

Gonzobanker

Second Curve analyst Zack Maxfield opened a TD Bank checking account on his phone in nine minutes while he waited to speak with a teller at one of the bank’s branches, but waited an hour to fund the account and order a debit card. The workplace a millennial will most confuse with Silicon Valley – Live Oak Bank in North Carolina.

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We analyzed 7 of the fastest-growing personal finance apps of all time to figure out the secrets to their success — here’s what we learned

CB Insights

Ninety-two million millennials will soon be in what Goldman Sachs calls their “prime spending years.” These companies are making it easier to make a budget, invest, and buy stocks, as well as to get loans and credit cards. Robinhood’s clutter-free user interface design is flypaper for millennial audiences.

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Fintech Trending: Look Who’s Chasing Venmo, Student Loan Servicing Falls Short

Fintech Labs Insights

They have Braintree -owned Venmo’s ( FD2016 ; F2013 ) millennial-focused social components stamped all over them: Founded by former N26 employees, Cookies launched this week to offer Germany-based users a free P2P payment solution. Venmo competition heats up. Lately we’ve noticed more P2P payment app competitors trickle in.

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FIs: Build For A Digital Future Or Lose Customers

PYMNTS

Vaduvur Bharghavan , president and CEO of card services platform OnDot , recently talked with Karen Webster about what financial services will look like in the post-pandemic world — and why things will be very different than what came before. That messaging also includes a pitch for apps as a way to better manage a card.”.

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