Bank Innovation

MAY 1, 2016

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.

Millennials 240

Millennials social media Operations Cards 240

PYMNTS

JANUARY 18, 2018

Sales of luxury goods in China are skyrocketing — up around 20 percent from 2016 — in its sharpest growth since 2011, as Chinese millennials seek products like handbags and cosmetics, Reuters reported. billion) in 2016 in a 20 percent increase from the prior year, Bain & Co said in a report on Wednesday.

Millennials 100

Millennials Branding Retail America 100

PYMNTS

JUNE 17, 2016

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

Millennials 100

Millennials Mobile Payments Marketing 100

PYMNTS

OCTOBER 30, 2017

As millennials continue to grow their presence in the small business (SMB) community, the dynamics of SMB finance are also changing. According to some experts , millennial small business owners no longer accept mediocre or sub-par services from their financial providers. million millennials now make up more than a quarter of the U.S.

Millennials 109

Millennials North Carolina South Carolina social media 109

PYMNTS

OCTOBER 31, 2017

With 179 million Americans planning to celebrate, up from 171 million last year, sales are projected to surpass those of 2016, which itself set records. percent from 2016, and spending per household is expected to rise to $86.13 So, why are millennials so fascinated by a holiday that was once largely thought to be for children?

Millennials 105

Millennials Retail Los Angeles Survey 105

PYMNTS

NOVEMBER 11, 2016

That’s why marketers will be leveraging mobile in their holiday shopping strategies this year, with new and creative strategies that focus more on omnichannel solutions and less on generic mobile coupons. Mobile coupons are still popular, especially among millennials. For millennials, that number is 90 percent.

Mobile 188

Mobile Marketing Survey Marketing Strategies 188

PYMNTS

DECEMBER 17, 2019

Domio , a startup that designs and rents apartment hotels, has raised $100 million in funding to expand both nationally and globally to 25 markets by 2020, according to reports on Tuesday (Dec. It is currently in 12 markets. The company’s Series B round was led by GGV Capital. The funding round closed in late summer.

Marketing 101

Marketing Millennials Capital New York 101

PYMNTS

JUNE 29, 2016

A lot of millennials are still living at home with their parents, but as more and more of them begin moving out in the coming years, they could have a significant impact on both the housing and rental markets. So what will fuel this significant growth in new millennial households?

Millennials 101

Millennials Study Trends Marketing 101

PYMNTS

APRIL 6, 2016

Though it was their grandparents that gave rise to modern American consumer culture, millennials often get dinged for being too obsessed with having the latest and greatest gadgets. It’s not as if millennials are wiping their dirty hands on their ripped designer jeans, though.

Millennials 100

Millennials Georgia Washington Apple 100

PYMNTS

JANUARY 30, 2017

Target is not the first retailer to go to market with a mobile payments app. Walmart and Kohl’s both made big entrances in 2016 with their respective “Pay” services. Millennials — Target’s main user base — are also mobile payments’ most likely users. Cartwheel has seen strong customer adoption and currently has 30 million users.

Millennials 100

Millennials Mobile Payments United States 100

PYMNTS

NOVEMBER 6, 2019

only, the service is slated to soon expand to other global markets. adults age 65 and older own smartphones — a significant jump from the 42 percent who owned them in 2016 and the 18 percent who did so in 2013. consumers can send money domestically through MoneyGram to a recipient’s eligible debit card.

Millennials 107

Millennials Payments Cards Survey 107

PYMNTS

DECEMBER 29, 2016

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of …” eBook. Payments 2016: The Year Of “Hesitation”. We see technology proven in mature markets such as in the U.K., It has to give, though.

Payments 108

Payments eBook Industry Cards 108

PYMNTS

JANUARY 19, 2017

percent increase over 2016. A recent survey of adult smartphone owners under 35 in India, conducted by digital marketing firm Regalix , revealed that 83 percent respondents had used their mobile device to shop online. Researchers point to India as the fastest-growing eCommerce market on the planet.

Mobile 100

Mobile Millennials Survey User Experience 100

PYMNTS

DECEMBER 26, 2016

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Here is the response from Sarah Clark, general manager, identity, Mitek … Payments 2016: The Year Mobile, Biometrics And Trust Converged.

Mobile 109

Mobile Payments eBook User Experience 109

PYMNTS

JUNE 22, 2020

Post-2009, millennials demonstrated a clear aversion to financial risk, especially for lifestyle purchases, resulting in a tangible shift away from credit cards. Wayfair has been offering flexible payments to customers since 2016. Today, this trend is repeating itself,” Nick Molnar , U.S. Retail Response Requested.

Millennials 151

Millennials Cards Examples Retail 151

PYMNTS

OCTOBER 1, 2020

Millennials and Generation Z consumers are embracing buy now, pay later (BNPL) plans as a way to responsibly purchase items without incurring fees or debt in the process. In fact, 93 percent of millennial BNPL app users have not been subjected to late fees. in 2016 and moved all its U.S. but it plans to expand in both countries.

Millennials 210

Millennials Retail Maine Payments 210

NCR

JUNE 29, 2016

Coming of age during the last recession and being subjected to the barrage of headlines about financial executives misbehaving, many Millennials are distrustful of established financial brands and institutions. are in the bottom 10 of the least loved brands by Millennials. are in the bottom 10 of the least loved brands by Millennials.

Millennials 45

Millennials social media User Experience Branding 45

PYMNTS

DECEMBER 13, 2016

According to DynamicAction’s Retail Index: Holiday 2016 , retailers have increasing their promotions and offers by 52 percent this holiday season. As Generation Z begins to gain a foothold in the consumer-spending environment and millennials mature, their expectations are transforming the retail landscape,” Efros said. “In

Retail 100

Retail Survey Millennials Training 100

NCR

JANUARY 5, 2017

Millennials can no longer be ignored. Still learning and developing as adults, Millennials do have wants, tastes and desires that vary from older generations—but this was also true of Gen X and Gen Y in their younger years. Millennials have more complex media consumption habits than their elders. as was done for their elders.

Millennials 66

Millennials Meeting Analytics Groups 66

PYMNTS

MAY 30, 2016

And to make sure that everyone starts off 2016, Part II on the same footing, we thought we would bring you a few of the top trending stories, as well as hot data/research topics, that will give you a head start on that all-important planning for 2016 and beyond. Store Front Business Index: Main Street USA, A-OK? Financial Inclusion.

Trends 100

Trends Retail Fraud Mobile 100

PYMNTS

FEBRUARY 7, 2020

Robinhood , the investment app that upended its market by elimination of commissions on stock trades is bringing its brand of disruption to the United Kingdom. Robinhood made money and picked up business without focusing on the rules,” said Tyler Gellasch, executive director of trade association Healthy Markets Association in a statement. “As

United States 150

United States FDIC Millennials cryptocurrency 150

PYMNTS

AUGUST 28, 2019

Forget millennials – well, at least for a moment. The items are sold in small quantities to catch the interest of Generation Z and millennial consumers who aren’t interested in buying in bulk. As retailers work to market to the coveted Generation Z demographic, they must [employ] modern methods to attract younger shoppers.”.

Retail 148

Retail Trends Millennials Survey 148

PYMNTS

APRIL 3, 2019

Do millennials cook? One study indicates that the answer is not really — millennials cook two fewer meals per week than their baby boomer counterparts and choose pre-packaged/pre-prepared foods 18 percent of the time, compared to 5 percent for baby boomers. But the data is a bit more complicated that this.

Millennials 130

Millennials Study Austin Comparison 130

PYMNTS

MAY 4, 2020

Robinhood Markets, coming off a new $280 million funding round backed by Sequoia Capital, has seen its value and services expand during the coronavirus pandemic, according to a Reuters report. More market turmoil has also driven people’s interest. The company, launched in 2013, is now valued at $8.3

FDIC 131

FDIC Fintech Millennials Management 131

PYMNTS

AUGUST 18, 2017

By the end of June this year, the wearables market in particular saw a 1.5 NPD Connected Intelligence’s director, Weston Henderek, commented on the current state of the smartwatch market and what news is expected down the line. At the moment, millennials have a 13 percent penetration rate of the wearables market.

US 128

US Millennials United States Survey 128

PYMNTS

JUNE 5, 2018

Millennials are finally moving out of mom and dad’s house and creating their own households, which has increased demand in the housing market. In 2016, 32 percent of young adults were still living with their parents. At the same time, supply has taken a hit due to a shortage of skilled labor.

Millennials 177

Millennials Trends Management Marketing 177

PYMNTS

JANUARY 15, 2018

The funding will be used for growth initiatives, with an eye on millennials, and a launch of nine new localized sites across the U.S., and select European markets — undertakings that will see hiring accelerate at the company.

Millennials 134

Millennials Branding Capital Report 134

PYMNTS

MAY 13, 2017

Pew’s latest data indicates that more millennials are finishing college only to move back home, and once they’re in, they tend to stay around longer than their older siblings or parents did. Millennials Moving Home. And the number is on the rise within the millennial cohort — 12 percent of millennials were living at home in 2010.

Millennials 101

Millennials Survey Data Report 101

PYMNTS

FEBRUARY 14, 2020

While it’s certainly not the case with every firm, for many, years of venture funding and building size and scale are considered favorable to an early entrance into the public markets with the vicissitudes of public investors. But in Australia, Afterpay Co-Founder and U.S.

Millennials 159

Millennials Retail Management US 159

Accenture

APRIL 26, 2017

As Figure 1 shows, while use of mobile banking services is surging, branch usage by all customers remains remarkably consistent year on year—and indeed in 2016 edged up to its highest level since this research began in 2010. 1-5] Source: UK findings of Accenture 2017 Global Banking Distribution & Marketing Consumer Study— Beyond Digital.

Millennials 233

Millennials social media Innovation Study 233

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

PYMNTS

NOVEMBER 24, 2020

Rosvall added that its “mission of helping millennials save more and feel better about their money” makes Dreams an “ideal” partner. Dreams launched in Sweden in 2016 and Norway in 2018 and has a 16 percent market share of all 20- to 39-year-old consumers.

Fintech 131

Fintech Millennials Groups Software 131

PYMNTS

MARCH 2, 2018

They made up 71 percent of payment cards issued worldwide in 2016, up from 70 percent a year earlier. For millennials, these cards simply don’t induce the same debt-based anxieties as credit cards. Winning the millennial market. By comparison, just 20 percent cited death as a top fear. Think like a retailer.

Millennials 101

Millennials San Diego Cards Retail 101

PYMNTS

APRIL 23, 2018

To find the fastest-growing restaurants, Kalinowski examined sales growth of each restaurant to find out the percentage change between 2016 and 2017. With millennials carrying much more student debt than prior generations, this could be a contributing factor in how much money and time they’re willing to spend on food. billion by 2020.

Millennials 122

Millennials social media Branding Study 122

PYMNTS

MAY 11, 2018

Nestlé’s three-year plan to get millennials back into frozen food was only half-cooked when consumers in their 20s and 30s started returning to the freezer aisle of the grocery store. The company has spent more than a year developing healthy bowl-style frozen meals, working with millennial focus groups to get the recipes right.

Millennials 108

Millennials Cleveland Arkansas Groups 108

NCR

JUNE 24, 2016

Although the number of payments made via smartphone around the world has rocketed in recent years, there are still a few key hurdles that need to be overcome before it can reach full maturity, particularly in key markets such as the US.

Mobile 61

Mobile US Marketing Payments 61

PYMNTS

OCTOBER 11, 2019

In the last few years astrology has seen something of a cultural renaissance, particularly among millennial consumers. As recently as five years ago astrology was something of a niche market with only a handful of devotees among New Age enthusiasts. These days the “mystical services” market is a $2.2 billion industry.

Millennials 109

Millennials New York Trends Marketing 109