Remove Marketing Remove Millennials Remove Online Remove United States
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‘Costco For Millennials’ Attracts Big Investors

PYMNTS

A popular eCommerce retailer, which has been called the “Costco for millennials,” is attracting potential investors, according to The New York Post. Boxed has become one of the most sought-after tech startups because its distribution centers, which can provide 24-hour delivery to consumers’ homes in many parts of the United States.

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Klarna Looks To Roll Out In Australia, Other Markets Next Year

PYMNTS

Following a formidable start for its “ buy now, pay later ” service in the United States, Klarna intends to roll out in Australia and other markets next year. The course has been popular with millennials who have a preference for debit cards over credit cards.

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OAK + FORT: Flexible-Payment Plans Boost Luxury Purchases

PYMNTS

Many consumers are shying away from physical stores, however, leaving these high-end merchants scrambling to develop strong online presences. This trend is pushing BNPL methods forward in the United States, with one survey finding that more than one-third of the nation’s consumers had used installment payment plans as of July.

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Lendified And The SMB/Millennial Connection

PYMNTS

Lendified , which offers loans to small Canadian businesses online, said earlier this month that it has secured a $20 million credit facility through Liquid Capital. It takes money to make money, the saying goes. So it is with the extension of credit to smaller firms who need the funds to gain top-line traction.

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Afterpay Teams With Simon Before Holiday Shopping Season

PYMNTS

“Our new in-store solution is yet another way to support merchants by offering a powerful budgeting tool that allows shoppers to spend their own money over time — whether they prefer to buy in a physical store or online.”. 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. The age of personalized service is upon us.

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DATA: Digital-First Consumers Want The COVID-19 Vaccine, But It Won’t Change Their Digital-First Habits

PYMNTS

The United States is now in what is considered to be the second wave of the COVID-19 pandemic. market as soon as this month. Younger generations are less interested in getting a vaccine, as nearly a quarter of Generation X consumers and nearly 23 percent of bridge millennials are not interested in getting the vaccine.