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.

Digital Banking 160

Digital Banking Millennials Mobile Regulation 160

PYMNTS

SEPTEMBER 30, 2020

Merchants are optimizing their eCommerce operations, but this is posing challenges for some, including luxury merchants. Luxury retailers are also targeting millennial and Generation Z consumers to expand their customer bases, with one report showing that millennials accounted for 35 percent of high-end retail purchases, for example.

Payments 279

Payments Millennials Retail Trends 279

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).

Millennials 104

Millennials Cards Lending Payments 104

PYMNTS

AUGUST 23, 2016

While Lendified’s average SMB applicant within Canada tends to have revenues of $750,000 annually and has been in business for between three and five years, one trend that shows up in demographics, said Wright, involves an increasing number of millennial business owners looking for loans in an effort to get their businesses up and running.

Millennials 100

Millennials Lending United States Maine 100

PYMNTS

JANUARY 28, 2021

Nearly 36 percent of CU members said they are “very” or “extremely” interested in using P2P payments, for example, yet only 25 percent said they are familiar with them. PYMNTS’ research indicates that millennials (ages 23 to 39) and bridge millennials (ages 30 to 40) have the greatest interest in P2P payment use, for example.

Innovation 187

Innovation Millennials Payments Mobile 187

PYMNTS

JANUARY 12, 2021

Demand among businesses — especially smaller firms — skyrocketed as they attempted to blunt revenue challenges and keep their operations above water, but these companies faced numerous hiccups when securing financing. Instant Payments and the Millennial Push.

Millennials 239

Millennials Payments Lending Study 239

CB Insights

SEPTEMBER 4, 2019

Popular media coverage of millennials often fixates on the industries the generation is allegedly killing and their supposed fiscal irresponsibility. Some industries benefiting from millennials’ increased spending power, such as travel, reflect well-worn Gen Y tropes like the general preference for “experiences” over things.

Millennials 78

Millennials Industry Branding social media 78

PYMNTS

APRIL 24, 2017

We laughed out loud at this one when it came out a year ago and said it was just another example of Silicon Valley groupthink. The long-suffering team at American Express has a new headache to handle — losing the love of those millennial customers. Same goes for her boss and two of her top co-workers, according to The New York Times.

Millennials 109

Millennials Cards New York Branding 109

PYMNTS

NOVEMBER 9, 2020

But expectations have changed dramatically, and shrewd physical store operators need to respond accordingly. The payment options merchants accept impact consumers’ willingness to shop in store for 69 percent of bridge millennials, 70 percent of millennials and 71 percent of Gen Z consumers.”. With the U.S. Walmart gets it.

Retail 261

Retail Millennials Online Tools 261

PYMNTS

OCTOBER 4, 2020

Hims , a direct-to-consumer company selling health products targeted at millennials, is using a SPAC to go public , for example. Michael’s experience also includes a role as chief operating officer of Klout, an online personal influence measurement tool that was sold in 2014, the report stated.

Google 257

Google San Francisco Capital Millennials 257

PYMNTS

JANUARY 16, 2020

As the travel industry shifts into higher digital gear, and increasingly responds to the needs and desires of new consumer groups — millennials and Gen Z among them — some players are getting left behind and making their way into the history books. That’s the general case with travel search startup Hipmunk.

Millennials 142

Millennials Meeting Innovation Mobile 142

South State Correspondent

JANUARY 10, 2024

For example, many banks don’t risk-adjust their loans using a risk-adjusted return on capital model such as Loan Command. Customers who come to the bank for high-priced CDs, savings, or money market accounts are classic examples. Here is another classic example of banks being lazy or misguided.

Management 195

Management Examples Marketing Millennials 195

PYMNTS

MARCH 8, 2017

While millennials aspire to seek out meaningful experiences, they don’t necessarily have the spending power that enables them to do so. Many consumer businesses operate with very high fixed costs and oftentimes have excess capacity to fill, he explained.

Millennials 101

Millennials Boston social media Groups 101

PYMNTS

JULY 7, 2020

For example, Afterpay, which operates in the United States, United Kingdom, Australia and New Zealand, recently reported that it served 4.4 For example, a recent survey shows that one in three millennials have added to their credit-card debt since the pandemic’s onset. users are millennials or from Generation Z.

United States 131

United States Millennials Examples Cards 131

PYMNTS

FEBRUARY 13, 2020

“2019 was another record year for WEX , capped off by an impressive fourth quarter driven by double-digit, top-line growth and strong operating leverage,” said Melissa Smith, WEX’s chair and CEO. For corporate travel, it has been encouraging partners to focus their offerings on millennials. healthcare business.

Millennials 150

Millennials Examples Cards Groups 150

PYMNTS

JANUARY 14, 2021

An estimated 17 percent of addresses become incorrect annually as consumers move or city planning alters street names and ZIP codes, for example. Governments use geocoding data to distinguish geographic units, for example, and the U.S. Inaccuracies can enter into address information in many ways.

Analytics 170

Analytics Data Study Millennials 170

Insights on Business

FEBRUARY 13, 2019

They use the Bradesco infrastructure, but they operate in parallel. For example, there are teams focusing on: Onboarding and Enchantment. Revamping the company’s internal structure is one of the first steps Bradesco took to achieve the goal of creating experiences that meet expectations of millennials. Hyper-connected journey.

Albuquerque 152

Albuquerque Digital Banking Millennials social media 152

PYMNTS

APRIL 9, 2019

Retail innovation labs – incubators or tech hubs – aren’t confined to operations run by the likes of Amazon or Walmart. The company already had operated an innovation facility in Japan. One of the latest examples from the larger world of retail comes from Foot Locker. stores with the innovation. Other Innovation Areas.

Innovation 155

Innovation Millennials Dallas Retail 155

PYMNTS

APRIL 29, 2020

Millennials carry two fewer credit cards than their Generation X counterparts, for example, and are the single-largest demographic group using BNPL solutions. Small businesses face an uphill battle, with only a third surviving their first 10 years of operation due to a variety of factors including poor sales.

Payments 175

Payments Millennials Cards Retail 175

NCR

JUNE 29, 2016

Turns out that was just a preview: Another Facebook executive, EMEA operations chief Nicola Mendelsohn, recently predicted that within five years Facebook “will be definitely mobile, [and] it will be probably all video.”. And it has to do with the dreaded ‘m’ word: Millennials. It’s always been that way. This is the new normal.

Millennials 45

Millennials social media Video Tools 45

NCR

NOVEMBER 9, 2017

For example, 59 percent of millennials have made a peer-to-peer (P2P) digital payment via a mobile device, compared with just 34 per cent of adults across all age groups. In addition, 37 percent of millennials said they would like to use biometrics in tandem with a banking app, compared with just 31 per cent of adults overall.

Millennials 40

Millennials Mobile Maine Survey 40

PYMNTS

JULY 15, 2020

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. For example, luxury buyers tend to be more affluent and less likely to cut their spending during economic downturns.

US 206

US Retail Millennials Trends 206

PYMNTS

DECEMBER 31, 2020

Key Data Points: 60 percent of small restaurant operators have had their revenues decline since the pandemic began. percent of millennials believe it is “very” important to receive payments in real time. percent more B2C merchants than B2B merchants offer discounts, for example, and 11.1 Cross-Border Merchant Friction Index.

Data 277

Data Innovation Payments Millennials 277

PYMNTS

APRIL 8, 2019

The latest estimates from the Small Business Administration (SBA) peg the number of new SMBs at 414,000 each year, spurring job creation and economic growth for the country, with millennial entrepreneurs at the helm. The high failure rate of a new small business has entrepreneurs focused on simply surviving their first few years in operation.

Strategy 279

Strategy Millennials Data Online 279

PYMNTS

AUGUST 31, 2017

Retailers trying to bridge the growing gap between the shopping trends of Baby Boomers, Generation Z and every demographic in between may think they have the different generations figured out, but in some cases, operating on assumptions can lead to missed sales. Millennials. million people in the U.S., Generation Z.

Retail 147

Retail Millennials Study Trends 147

PYMNTS

NOVEMBER 27, 2019

That’s especially true as millennials come up through the ranks, and are both comfortable and confident in using technology. As Lotz noted, such personalization can occur at the most minute level – for example, someone can arrange and reconfigure an icon’s display on their mobile device, or can buy a car from a seven-story vending machine.

Innovation 215

Innovation Millennials Technology Examples 215

NCR

JULY 12, 2016

Millennial customers are quickly becoming key to the growth strategy of financial institutions, particularly in hyper-competitive markets where customer churn remains high. While millennials tend to judge a bank on the basis of its digital capabilities, they still also expect a human connection to advise them.

Millennials 40

Millennials Meeting Compliance Regional 40

PYMNTS

MAY 19, 2020

That trend was particularly pronounced among older “bridge millennials,” who on average owned six separate connected devices, not counting their phones. According to PYMNTS’ latest consumer data on the subject, 47 percent of millennials have shifted their routines online, while 45.1 percent of bridge millennials have done so.

Technology 205

Technology Millennials Retail Report 205

PYMNTS

AUGUST 9, 2019

Then, there are Bridge Millennials. Bridge Millennials are a unique group of consumers, comprised of individuals between 30 and 40 years of age who exhibit cultural characteristics of both Generation X and Millennials. Among the Bridge Millennials in our study, 37.8

Data 155

Data Millennials Google Apple 155

PYMNTS

SEPTEMBER 3, 2020

Some QSRs’ already-thin operating margins have been stretched beyond the breaking point as budget-conscious consumers shy away from eating out, forcing the eateries to declare bankruptcy. A 2019 report revealed that more than 100 million Americans face such restrictions, for example.

Management 130

Management System Millennials Study 130

PYMNTS

JANUARY 21, 2020

Another example of striving toward that ideal came earlier this January. Take one older example: K1 Investment Management back in 2017 said it would use a $125 million investment to merge Nexonia, ExpenseWatch and Tallie all under the Certify brand, following the 2016 merger of Tallie and Nexonia. Bigger Trends.

Innovation 101

Innovation Millennials Trends Examples 101

PYMNTS

JUNE 12, 2017

Is the gig economy only for millennials? And despite the widespread adoption of the gig economy, “observers mistakenly associate this work model almost exclusively with millennials.” As an example, Brent imagines an organization that needs a video editor for a six-week project. What are they to do?

Millennials 154

Millennials Video Examples Company 154

PYMNTS

FEBRUARY 4, 2020

A bit younger than their millennial siblings and cousins, they’ve grown up totally mobile, and have idiosyncrasies that make them unique. Perhaps more than millennial cohorts, Gen Z is having a hot love affair with eCommerce and sharing platforms that specialize in and cater to their digital lifestyles. “I

Millennials 130

Millennials Fraud Groups Payments 130

PYMNTS

DECEMBER 11, 2019

Moody’s Investors Service slashed its forecast for department stores this season — with expectations the sector will log as much as a 20 percent decline in operating income. That trend will benefit some department store brands — Nordstrom and Macy’s with their respective Rack and Backstage offerings, for example.

Millennials 131

Millennials Trends Examples Retail 131

PYMNTS

AUGUST 13, 2020

consumers don’t exactly love the paper check — roughly 38 percent report that they’ve stopped using them entirely, and that shoots up to almost 50 percent when talking about millennials. As Evers pointed out, companies that do this can actually increase profits by up to 60 percent “just by simplifying the business operations.”.

Cards 202

Cards Strategy Digital Strategies Examples 202

PYMNTS

JUNE 26, 2020

Introducing open banking principles has not been without friction, however, with banks and consumers concerned over how this sea change will affect FIs’ daily operations. You can do better credit scoring now, for example, because you can see all [banks’] transactions with all of their clients,” he said. In the U.K.,

System 198

System Data Security Examples 198

PYMNTS

JANUARY 24, 2017

That’s according to financial services vet and Varo Money CEO and Cofounder Colin Walsh, who told Karen Webster recently that the future of banking, for millennials in particular, lies not in branches but in bots who become money coaches. With AI … we can help them manage spending and build savings.”.

Digital Banking 100

Digital Banking Millennials Lending Google 100