PYMNTS
JANUARY 12, 2021
The lending industry was hit hard during the pandemic’s early months, with many banks and traditional lenders rapidly adjusting their standards and rates to accommodate businesses’ and consumers’ shifting needs. Instant Payments and the Millennial Push. The crisis has also increased consumers’ demand for loans in several categories.
PYMNTS
JUNE 29, 2018
That bet could complicate, in a positive way, some of the general ideas out there about the preferences of millennial consumers. The integration of such tools is designed with those millennials in mind, part of the company’s effort to gain more revenue from a new generation of drivers. Winning Millennial Loyalty.
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PYMNTS
APRIL 5, 2019
Against this backdrop, we find, then, that millennials do not embrace credit cards as readily as other groups of users. Bankrate has estimated that roughly 33 percent of millennials have cards. In one example, the apparel company Cotton On last year began offering installments via Afterpay.
PYMNTS
AUGUST 23, 2016
The CEO told PYMNTS that the $20 million credit pact will be earmarked for direct lending and that there is a “multiplier effect” that would come as that money is moved into the economy — enough so that more than $60 million in final funding may result, which could help create new businesses and jobs.
PYMNTS
NOVEMBER 17, 2017
For example, that figure includes a full 30 percent of Americans who don’t carry or use a credit card at all. Among millennials, that number drops below 30 percent. Millennials don’t have credit cards because they don’t have FICO scores, or at least not the kind of FICO scores that inspire issuers. “If to be exact).
PYMNTS
SEPTEMBER 11, 2019
As many as 72 percent of bridge millennials say mobile apps are important for accessing bank accounts. In other examples, in Hong Kong, Ping An will be launching a digital bank within the next several months. As we noted in this space earlier in the summer, using apps to bank is markedly being embraced by the younger generation.
PYMNTS
SEPTEMBER 18, 2018
And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. But a standstill in the credit markets created a vacuum for a bit, at least along traditional lending conduits. Necessity is the mother of invention.
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