article thumbnail

PayPal Remains Most Popular ‘Innovative’ Banking Product for Millennials

Bank Innovation

Most millennials—more than 90%—have used or are using PayPal currently, according to the Millennial Money survey released last week by Vested. Other “innovative” banking products (i.e., Still working on that Venmo-killer app? It might be a better idea to focus on its parent company.

article thumbnail

How Pilot Is Innovating Corporate Taxes For Millennial-Run Businesses

PYMNTS

Recent research finds that 67 percent of millennial business owners operate independent companies rather than franchises. Recent research finds that 67 percent of millennial business owners operate independent companies rather than franchises. They carry their payment innovation expectations into the business world. “If

Insiders

Sign Up for our Newsletter

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

article thumbnail

Turns Out, Millennials Are Not That Unique

Bank Innovation

Millennials are in the driver’s seat of innovation. But a new study from FIS, released this week, suggests that millennials are not as unique as many think — at least in terms of financial service preferences. If you’re in fintech, you’ve probably heard that statement more than once.

article thumbnail

Deep Dive: Travel, Hospitality Get A Millennial Makeover

PYMNTS

Millennials have long been sought-after travel and hospitality customers, partly because they are perfectly placed to seek such experiences. This unique status creates both opportunities and challenges for firms in the space, as millennials search for the experiences they crave. Furthermore, millennials are set to spend $1.4

article thumbnail

Reynolds CEO: Recreating Grocery’s Home Goods Aisle For The Millennial

PYMNTS

In 1910, the world of foil enjoyed its most important historical innovation: The Swiss figured out how to make it out of aluminum instead of tin. Therefore, the company must always be innovating its offerings, despite the fact that Reynolds wrap has been a successful product for 73 years. Moving On Millennials .

article thumbnail

Open Banking Is A Must for Millennials, Bankers Claim

Bank Innovation

It’s crucial for banks to start participating in the finance revolution, especially as millennials are on the hunt for open banking—at least, according to bankers. According to a survey of 300 banking officials, conducted by Marketforce and Earnix, developing open APIs is becoming more and more crucial to retaining customers.

article thumbnail

Mastercard Opens ‘Assemble,’ New Money Management Platform for Millennials

Bank Innovation

Global payments technology company Mastercard is opening a new platform aimed at the financial management needs of the millennial generation, the company announced today.