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CIBIL Study Shows Millennials Are Actively Checking Their Credit Scores

BankBazaar

While millennials are borrowing more than pre-millennials and post-millennials, they are still conscious about how much debt they are taking up…. Did you know that India’s millennials fall in the biggest borrowers’ category within the country? This is higher than the average score of non-millennials, which is 734.

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Golden Finance Tips For Millennial Women

BankBazaar

If you’re a millennial woman who wants some useful tips handy on your journey towards financial independence, look no further! Get A Credit Card. A lot of us think of Credit Cards as a tool that can trap you steep in debt, but are Credit Cards to blame here or the users who have not learned to manage them responsibly?

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Community Banks, Where Moving Beyond Interest Income Is In The (Credit) Cards

PYMNTS

One area of (overlooked) potential lies with credit cards. But the financial world is changing, Moorer told PYMNTS, due to generational shifts and consumers’ needs transitioning from baby boomers to the millennial. Issuing cards and creating a payments strategy, he said, can help community banks innovate in effective and exciting ways.

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SoFi’s Trading Volume Surges, User Base Nearly Triples

PYMNTS

The idea here was to give millennials and Gen Z, our target audience, access to a diversified portfolio of new economy companies and gig economy companies,” Noto said. unveiled a new mobile-focused money management experience named Samsung Money by SoFi to assist users in handling their everyday finances per news in May.

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Afterpay US CEO On The Changing Face Of Luxury In A Post-Pandemic World

PYMNTS

CEO of Afterpay , recently told Karen Webster that consumers — particularly millennials and Generation Z — were already showing distinct preferences for digital commerce and paying with debit cards rather than credit cards. I think [that] is definitely a positive, both for the retailer and consumer.”.

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Will Consumers Bank With Their Telcos?

PYMNTS

Traditional banks aren’t mobile-first, and they’re definitely not customer-first. As more and more people use their smartphones to manage money, we saw an opportunity to address another customer pain point,” said John Legere, CEO of T-Mobile , according to a press release. percent of Bridge Millennials did so. In fact, 72.4

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NCR: How Platforms Enable Banks To Be ‘Digital-First’ Fast

PYMNTS

Among the key focal points for NCR looking ahead lies expanding card management and commerce capabilities. It’s really about extending out the capability of your card to the commerce ecosystem,” he said. Conventional wisdom may hold that millennials want a purely self-service experience when it comes to their financial lives.