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Top News In Payments: Millennials Spend Big On Black Friday; Goldman Investor Day To Focus On Growth Strategy

PYMNTS

In today’s top payments news, millennials — as well as bridge millennials — were big Black Friday spenders this year. Technology companies in China are reportedly framing facial recognition policies at the United Nations (UN). NEW DATA: Millennials Were Black Friday’s Big Spenders In 2019.

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Afterpay Teams With Simon Before Holiday Shopping Season

PYMNTS

To help merchants and promote Afterpay in-store payment services to individuals before the busy holiday shopping season, buy now, pay later (BNPL) firm Afterpay and Simon have announced a national collaboration. Millennial and Gen Z shoppers are focusing on sustainable and ethical fashion and retail more than before.

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Digital Banking, With Millennial, Mobile – And Governmental – Tailwinds

PYMNTS

As spotlighted in the Digital Banking Tracker , the global digital banking market is slated to grow by 16 percent, compounded annually. As many as 72 percent of bridge millennials say mobile apps are important for accessing bank accounts. In addition, passporting can help companies expand services across nations.

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Outdoorsy Makes Happy Campers Out Of RV Owners And Renters

PYMNTS

That’s the market summary Outdoorsy Co-founder and CEO Jeff Cavins gave to PYMNTS' Karen Webster on the status of his RV rental platform, which’s about to cross the billion-dollar bookings milestone in only its fifth year in business. There is no Airbnb in Grand Canyon National Park. The millennials love mobility.

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Survey: COVID-19’s Financial Effect on Millennials

MyBankTracker

The COVID-19 pandemic has added to the money challenges faced by millennials in particular. Millennials are old enough to have financial responsibilities without having had much time to build financial stability. The survey found that the pandemic added to the financial challenges that millennials face. Key Findings.

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The role and challenges of financial institutions in the small multifamily rental market

Abrigo

The topic of affordable rental housing is likely to be an increasingly popular one in the coming years, given the number of baby boomers expected to downsize as they retire and the rising share of millennials choosing rentals over homeownership. Curry in a news release about the newsletter.

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Mastercard Card Clearing In China, Unattended Retail, Rapid Settlements Top This Week’s News

PYMNTS

Mastercard Gets Nod To Join China’s $27T Payments Market. 11 to set up a bank card clearing business, providing it with access to a $27 trillion payments market. The People’s Bank of China said it has approved an application by Mastercard’s Chinese joint venture to run a bank card clearing business in the nation. Sound familiar?

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