article thumbnail

Millennials Vs. Baby Boomers: When Does The ‘Cashless Society’ Begin?

PYMNTS

More than one out of four millennials carry less than $5 cash with them. And according to another study, nearly 20 percent of millennials have not used cash in two months. With a fifth of millennials already rarely using cash, it is clear that this is happening relatively rapidly,” said Kalle Marsal, CMO of Mitek.

article thumbnail

Robinhood Faces Another Service Interruption Due To Technical Issue

PYMNTS

The financial technology company is regarded for helping to make trading in vogue with millennials, Reuters reported. “We The company was founded by Vladimir Tenev as well as Baiju Bhatt in 2013 and notched $280 million from investors in May. In the latest of a string of outages as of the beginning of March, Robinhood Markets Inc.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Mobile Banking and Millennials – Will the Love Last?

PYMNTS

A lot of fuss is made over millennials and their proclivities toward things being easy. So, when it comes to something like digital banking , it’s not so much about finding what’s easy as it is about finding what service best meets millennials’ needs. Millennials to big banks: No thanks ….

article thumbnail

Twitch Buys Bebo In eSports Push

PYMNTS

The growth path of the company in addition to the larger opportunity in social media helped it get acquired by AOL for approximately $850 million in 2008. The company was sold to Criterion Capital less than two years after, and the Birches purchased it for $1 million in 2013.

article thumbnail

Thought starter: Top challenges accountants face and actionable ideas to solve them

Abrigo

Not being prepared for the change in the workforce may set back some firms, “but by the same token, that presents opportunities for those individuals in that X, Y or Millennial category,” Thomas says. Also related to the human capital challenge and a generational shift, the CEO comments is fostering students to take the CPA exam.

article thumbnail

What Moved Movado About MVMT

PYMNTS

A lifestyle brand for millennial buyers with an eye for design – but perhaps not the pocketbook for designer prices – the watch and accessories startup MVMT started on its path in 2013. million followers across social media channels, it seems fair to assume there are more people who would like to join.

article thumbnail

Does Destination Maternity Chain Bankruptcy Signal Larger Trends?

PYMNTS

billion in 2013, representing a 2.10 According to another report , in fact, social media, millennial digital and mobile preferences, and more demand for fashionable maternity wear is driving global growth in this retail segment. percent CAGR since 2017, according to one recent estimate.

Trends 101