article thumbnail

12 Industries That Will Thrive Thanks To Millennials

CB Insights

Popular media coverage of millennials often fixates on the industries the generation is allegedly killing and their supposed fiscal irresponsibility. Some industries benefiting from millennials’ increased spending power, such as travel, reflect well-worn Gen Y tropes like the general preference for “experiences” over things.

article thumbnail

12 Industries Experts Say Millennials Are Killing — And Why They’re Wrong

CB Insights

Every few weeks, another story about the dreaded generation surfaces: millennials are killing casual dining; millennials are killing breakfast cereal; millennials are killing home ownership. Millennials aren’t shunning luxury goods; they’re just renting them instead of buying. Millennials are in debt.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Affirm Expands Installment Payment Options To Any On, Offline Store

PYMNTS

Silicon Valley FinTech Affirm is rolling out a new app that will give customers a way to shop at almost any store and split their payments, the company announced in a press release on Monday (Oct. Half of Affirm’s users are millennials or Gen Z, the company says.

Payments 139
article thumbnail

What is Fintech? (An interactive illustration)

Alex Jimenez

What is Fintech? Fintech is a dynamic segment at the intersection of the financial services and technology sectors where technology-focused start-ups and new market entrants innovate the products and services currently provided by the traditional financial services industry." -PwC PwC Fintech Report. Fintech Growth.

Fintech 40
article thumbnail

Seeking Banking Balance Between Physical And Digital

PYMNTS

Chase, Wells Fargo, Bank of America and Citi, to name a few, all scaled back their physical bank branch locations between 2012 and 2016, according to the Federal Deposit Insurance Corporation (FDIC). It has also meant working in anticipation of the changing needs of millennial users. It’s a really exciting time to be in the space.”.

article thumbnail

OnePlus Brings Mobile Payment Platform To China

PYMNTS

In separate news from December, Xiaomi , the biggest smartphone company in India, is offering a credit platform meant to bring in millennials and young professionals in the country. The Chinese electronics company teamed with select FinTech startups, with the inclusion of Bangalore-based ZestMoney in creating the venture.

Mobile 108
article thumbnail

AltFin’s Bumpy Ride Into An Uncertain 2019

PYMNTS

percent since 2012. The rising rates have not only made debt more expensive, but they have been a weight on loan growth across both bank and FinTech lending platforms in the back half of the year. Those older millennials between the ages of 30 and 40 have earning power, are well-educated and are settling into more stable careers.