Remove Groups Remove Innovation Remove Millennials Remove social media
article thumbnail

Millennials Vs. Baby Boomers: When Does The ‘Cashless Society’ Begin?

PYMNTS

More than one out of four millennials carry less than $5 cash with them. And according to another study, nearly 20 percent of millennials have not used cash in two months. With a fifth of millennials already rarely using cash, it is clear that this is happening relatively rapidly,” said Kalle Marsal, CMO of Mitek.

article thumbnail

The Buyers: Generation Z’s Shopping Preferences

PYMNTS

Generation Z are the next up-and-coming group of shoppers who retailers are turning to for the future of retail. Yes, those born between 1994 and 2002 are starting to push millennials over in terms of shaping commerce and eCommerce trends. Get ready, retailers. This falls in line with what we’ve been seeing over the last few years.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Mobile Cards Key To Winning Bank Accounts

PYMNTS

One way that banks or ambitious social media platforms will win this combat for customers is through the use of mobile credit and debit cards, with a highly configurable nature and full range of card and spend management controls to please the most vacillating of customers. What is changing are the card habits of demographic groups.

Mobile 153
article thumbnail

Younger Customers Drive Growth Of Casual Luxury

PYMNTS

Driven by younger customers, such as millennials and teens, casual luxury is bolstering sales of luxury apparel, handbags and footwear. The change in behavior is due, in part, to social media sites such as Instagram. This consumer group is shaping up to be different than the traditional high-end buyer.

article thumbnail

A new digital bank needs a new customer service experience

Insights on Business

At IBM Think 2019, Henrique Albuquerque from Bradesco Research and Innovation offered insight into how Bradesco is transforming by focusing their entire business structure around the customer journey. If it doesn’t, negative news travels fast through millennial networks. Social-based marketing. IBM Think LinkedIn Group.

article thumbnail

AI’s Place In The $50B RV Market

PYMNTS

Technology and social media company Facebook is also growing more involved in the sharing economy. Some marketplaces are finding innovation in this space easier than others. Why Travel Firms Need To Cater To Millennial Payment Preferences. Millennials have a different take on travel than previous generations.

Marketing 132
article thumbnail

Facebook Tests Messenger Platform For High School Students

PYMNTS

As Facebook tries to bring post-millennials onto its platform, the social media network appears to be at work on a feature geared toward high school students. In creating that app, the social media giant said it consulted child development and online safety experts, as well as parent/teacher groups and thousands of parents.