Millennials Lead Grocery’s Digital Shift

PYMNTS

As these ultra-online millennials return to public spaces, as a plurality of millennials (43 percent) say they will do once the vaccine rollout is complete and as 41 percent say they will do when cases decrease, eGrocers will have to work hard to maintain and grow their share of millennial spending.

FinTech Bridges Millennial Investing Gap

PYMNTS

To move toward retirement, and to have the money in place to get there, millennials need to make the leap from bare bones banking — checking and savings — into investing. Statistics, he said, show that three out of five millennials don’t invest at all, opting instead to stay on the sidelines.

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Millennials Will Lead The Voice Commerce Revolution

PYMNTS

That’s especially true for bridge millennials, those 32- to 42-year-olds, entering the prime time of their spending years. PYMNTS survey found that bridge millennials are almost twice as likely as the average consumer to use voice-activated technology to make purchases.

Millennials: STOP EATING AVOCADOS!!!

Chris Skinner

I’ve spotted a couple of interesting discussions about millennials and money in the last week, both of which say that the views on them are wrong. Stereotyped as avocado-crunching, cappuccino drinking, needies, the general media view is that this is a generation spoilt by helicopter parents to grow up to … The post Millennials: STOP EATING AVOCADOS!!!

Encouraging millennials to use` digital revolving credit solutions

Mobile Payments Today

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

Where FIs Fit In The Millennial Life Insurance Purchase Journey

PYMNTS

By way of contrast, younger consumers, such as millennials and Generation Z , are showing the most interest in learning about what life insurance can do for them. Millennials, like Gen Z, also have practical reasons for their interest in life insurance policies.

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.

Who needs millennials?

Chris Skinner

I have had many, many conversations about reaching the millennial customer. We need to be attractive to millennials? Millennials think differently, how do we reach them? Millennials are rejecting banks, is that right? The conversation seems to be one amongst older generational people who haven’t realised that the millennials is now their CFO, CEO, CDO and, in some cases, CEO. The challenge today is to think like a Millennial.

Built For Speed: Millennials Drive Move To Faster Payments

PYMNTS

As to who’s getting instant payments and where they are getting those payments from, it’s the bridge millennials, the younger generations, right on down to Generation Z. And the data show that millennials and Gen Z are among those cohorts most likely to have received instant payments.

Survey Finds Financial Stress High Among Millennials, Gen Z

PYMNTS

While younger people in the millennial and Gen Z age groups report high levels of stress in a recent survey, the COVID-19 pandemic is not necessarily the main reason for that, CNBC reports. Economy 2020 Deloitte Millennial Survey financial stress Gen Z Millennials News pandemic What's Hot

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Millennials Are Ready for the Bank of Amazon

Bank Innovation

11 survey from Accenture, millennial participants would consider parking their money with nontraditional institutions, and they picked winners. Commerce E-Commerce Mobile Online Payments Retail Startups Technology Accenture amazon Google Google Wallet millennials Mobile banking online bankingAmazon wins, once again, at a game it didn’t even know it was playing. According to a Jan.

When It Comes To Cash-Back Rewards, Millennials Want It Easy And Automatic

PYMNTS

branded cards and unsecured lending at Citi , told Karen Webster in a recent interview, the future of card rewards — via cash back, automated and flexible in nature — is shifting with more millennials and Generation Z customers demanding ease and simplicity.

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. DataBank Databank Innovations Online Technology APIs open banking Financial Regulation millennial customers psd2According to a survey of 300 banking officials, conducted by Marketforce and Earnix, developing open APIs is becoming more and more crucial to retaining customers. In fact, 80% of the […].

Airlines Shift Strategies To Woo Millennials With Travel Perks

PYMNTS

Airline perks could include more millennial-friendly offerings in the near future, like e-book and virtual exercise subscriptions, along with more adaptable ways to redeem air miles and book flights, The Wall Street Journal reports.

Digital Banking, Millennially Mobile

PYMNTS

72 percent: Share of bridge millennials who think mobile apps are important for accessing bank accounts. Today In Data banking apps Digital Banking Millennials mobile banking News Today in DataBanking has gone beyond the branch, and financial services are increasingly rendered in bits and bytes. As found by the Digital Banking Tracker , the younger generation is apt to use apps, especially when it comes to navigating accounts.

Millennials Dump Tesla Stock

PYMNTS

Millennials have been unloading Tesla shares a week before the company revealed disappointing Q1 delivery numbers. Within the past week, a net 5,600 accounts on trading app Robinhood , which is popular with millennials, left their Tesla position, with the number of accounts holding the automaker’s shares falling by more than 4 percent. Investments Amazon automotive Branding delivery ecommerce Millennials News q1 Shares stocks Tesla vehicle sales What's Hot

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. DataBank Databank Mobile banking digital banking FIS millennialsIf you’re in fintech, you’ve probably heard that statement more than once.

42% Of Millennials Use Paper Checks To Pay Their Rent

PYMNTS

A new PYMNTS report found that 42% of millennials still use paper checks when it comes time to pay their rent. “As Some of the stats that I thought were interesting here is that 42% of millennials are still using checks for some transactions in their lifestyle.

Amex: Millennial/Gen Z Card Spending Up 30 Pct Over 2019 Levels 

PYMNTS

is being led by the millennials and Generation Z cohorts, with total spend from those demographics surging 30 percent from 2019. Read More On American Express: Earnings American Express Consumer Spending Millennials News Revenue

Millennial-Focused Digital Bank Empower Finance Raises $20M

PYMNTS

San Francisco-based Empower Finance, a mobile banking app aimed at helping millennials save wealth, has raised $20 million in a Series A funding round led by Defy Ventures and Icon Ventures, according to a report.

Brilliant Earth Says Millennials, Gen Z Key to Future Growth

PYMNTS

Millennial and Gen Z consumers collectively represent 87% of the brand’s active customers, Brilliant Earth said in a filing with the U.S. Indeed, PYMNTS' Global Digital Shopping Index research has found that 28% of millennials are online-native shoppers and 39% are mobile-native.

Morgan Stanley’s Robo-Advisor for Millennials Goes Live

Bank Innovation

Morgan Stanley launched a robo-advisor to target fintech’s darling demography – millennials. Exclusive Mobile Online Uncategorized millennial Morgan Stanley robo-advisorThe robo-advisor, which is called Morgan Stanley Access Investing, was unveiled yesterday. The online service has a 0.35% advisory and users are required to have a minimum investment of $5,000. Morgan Stanley’s robo-advisor users can invest in mutual funds and ETFs. This is […].

Deep Dive: Keeping Up With Bridge Millennials’ Retail Impact

PYMNTS

Bridge millennials’ rise is changing the retail ecosystem ahead of the 2019 holiday season, but their impacts will continue to be felt in the year ahead. Bridge millennials are consumers aged 30 to 40 whose shopping and financial preferences straddle Gen X and millennial demographics.

The Coming Millennial FinTech Crisis

PYMNTS

While they enjoy many FinTech innovations, most millennials don’t have a snowball’s chance of earning more than their parents — ever. It’s one thing for the millennial offspring of the billionaire hedge-fund scions to fall short of making a billion because they only manage to pull down $760 million a year. But that downward slide took a nosedive for the kids born in the 1980s — or what we call today the millennial generation. It’s a fact.

Millennial Marketshare: How Financial Institutions Can Grab an Unfair Advantage

Mobile Payments Today

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

Deep Dive: How BNPL Solutions Are Answering Gen Z’s And Millennials’ Financial Needs

PYMNTS

Consumers of all generations use BNPL tools, but millennial and Gen Z shoppers are doing so at markedly higher rates than older generations. PYMNTS’ survey found that 15 percent of millennials and 5.7 BNPL’s Resiliency In Millennials.

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. Millennial business owners are also 14 percent more likely to struggle with money problems than those who are baby boomers.

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Report: How Faster Disbursements Can Woo Millennial Investors

PYMNTS

It also analyzes why younger investors like millennials have remained reticent to invest and how the health crisis could affect this generation’s spending and saving habits, especially as legacy disbursement methods such as paper checks continue to fall out of favor.

The Millennial Real Estate Boom Beckons?

PYMNTS

Demand will be robust, the report said, and with low rates, rising rents and “the ever-expending Millennial population” all contributing to that demand. The data show that millennials’ share of mortgage originations will pass 50 percent this spring — outnumbering boomers and Gen X’ers.

Wells Fargo Shuts Millennial-Friendly App ‘Greenhouse’ To New Clients

PYMNTS

Millennial-Banking Apps Are Struggling. Chase’s decision to shut down Finn and Wells Fargo’s move to stop adding users for Greenhouse raises the question as to whether there’s really demand from millennials for apps that are separate from a bank’s main offerings.

Reaching Millennial Travelers With Payments Technology

PYMNTS

Some millennials, in one case, would abandon travel booking processes if their preferred payment method was not offered. millennials who pay for hotels with debit cards or cash. 50%: Projected share of millennial spend in the personal luxury market by 2025.

New Report: Healthcare Morphing Into HealthTech as Millennials Go for Digital Doctoring

PYMNTS

For the new study, Generation HealthTech: How Digital Tools Amplify Millennial Patient Loyalty, a PYMNTS and Rectangle Health collaboration, researchers surveyed a census-balanced panel of more than 2,260 U.S.

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.

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

Mobile Payments Today

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.

i2c Collaborates With Millennial- And Gen Z-Focused FinTech Zytara

PYMNTS

Digital payment and banking technology provider i2c has teamed with Zytara , a FinTech firm geared toward millennial and Generation Z gamers and their households. Partnerships / Acquisitions banking FinTech Gaming Generation Z i2C Millennials News partnerships What's Hot Zytara