article thumbnail

Encouraging millennials to use` digital revolving credit solutions

Payments Dive

Millennials have grown up with technology and generally avoid traditional credit cards in favor of digital payments. Tim Harris, CEO of FuturePay outlines how to interest this group in digital revolving credit solutions.

article thumbnail

Buy Now Pay Later: Why Millennials and Gen Zs are crazy for split payment options

Payments Dive

Buy Now and Pay Later has become a trend during 2020 and looks like, given the appeal it has for Millennials and Gen Z's it will be part of the payments industry in the future. Chaim Lever, co-founder of Four, a split-payment platform, shares his thoughts on why especially these two groups prefer to buy now and pay later.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Millennial Marketshare: How Financial Institutions Can Grab an Unfair Advantage

Payments Dive

Born between 1981 and 1996 and numbering over 75 million, millennials have become the largest demographic group in the US, according to the Brookings Institution.

article thumbnail

Report: Millennials, Buy Now Pay Later And The Shifting Dynamics Of Online Credit

PYMNTS

It has been suggested that millennials are averse to having and using credit cards. Millennials are in fact as likely as other generations to have credit cards, with nearly nine out of 10 having at least one card, according to PYMNTS’ latest research. percent of bridge millennials have used BNPL, close to double the average.

article thumbnail

How to Attract Multiple Generations to Open New Accounts and Apply for Loans

How are Gen X, Millennials, and Gen Z defined? What makes the group different in how they receive information? This entertaining and informative eBook will help your financial institution uncover the best practices when it comes to appealing to mass audiences.

article thumbnail

Millennials SME Owners Prefer Online Alternative Lenders to Tradtional Ones

Bank Innovation

small businesses, specifically and unsurprisingly with those run by millennials, according to a new report by Mercator Advisory Group. According to Mercator’s report, Business Banking Services: Keeping Up with Millennial Owners, 27% of total U.S. Online alternative lenders are gaining momentum with U.S.

article thumbnail

By 2030 Millennials Will Have $20 Trillion In Wealth. Here’s What They Want In Robo-Advisors

Bank Innovation

Millennials are expected to have $20 trillion in wealth by 2030, according to a July 2018 CB Insights study. Marketing investment options and robo-advisors to this mobile-centric group will require a specific strategy. Currently, millennials’ combined financial assets come up to $4.5 trillion in wealth.