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Digital Payments, Connected Commerce And The Need For Speed

PYMNTS

For the connected consumer , connected commerce will be 100 percent digital , especially as the bridge millennials wield spending power across the next several decades. 2,225: The amount bridge millennials spend, on average, on annual retail purchases. 2,225: The amount bridge millennials spend, on average, on annual retail purchases.

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Focus: New-To-Credit Millennials, Credit-Rating Systems & Borrowing Credit

BankBazaar

Owing much to the changes in banking trends and the emergence of fintech companies, millennials across India have become open to the idea of borrowing credit. It can safely be said that Credit Cards and loans are slowly becoming part and parcel of a millennial’s spending culture. Building awareness among millennials.

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Digital-First Banking Branches Out

PYMNTS

We’ve all heard that millennials, for example, think of bank branches as a vestiges of another century with little relevance to their financial lives. Even millennials, who heavily lean on remote banking, still visit physical bank locations for more complex functions like loan applications” monthly. Is that what people really want?

ATM 191
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Last Roar Of The Paper Tiger?

PYMNTS

Statistical swarms of millennials and Gen Zers report never having used a paper check. That’s the picture emerging as B2B payments hustle to catch up to consumers who ran off giddily with P2P and the FinTechs. No unified definition of “gig economy worker” has emerged from the government. Embarrass­­­ing, sure. The Big Gig.

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Yay! Two New Additions To Our Awards Kitty

BankBazaar

Given the emergence of Indian millennials as a key target group for every marketer, we recommended a specific focus on this target group in client’s communication. We launched a category-first Millennial Aspiration Index representing the target group’s aspirations. The award is in recognition of BankBazaar Aspiration Index 2018.

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

PYMNTS

However, the branch experience does need to evolve, he noted, as FIs see their own customer demographics shift toward younger, tech-savvy millennials. Conventional wisdom may hold that millennials want a purely self-service experience when it comes to their financial lives. For example, Visa bought Plaid as 2020 dawned.

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AltFin’s Bumpy Ride Into An Uncertain 2019

PYMNTS

The economy is definitely humming, but most people are still living paycheck to paycheck and facing financial stress.” 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. The Two Faces Of Consumer Credit.