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What Hath Bridge Millennials Wrought To Commerce And Payments?

PYMNTS

The new year will bring a new round of one of the hottest games in the payments-and-commerce world: What makes millennials tick? Census, millennials are 25 to 34 years old. The reason for that is because data shows a significant difference in payments and commerce between this segment and the Census view of millennials.

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Mobile Payments: Samsung To Tackle Africa And Google The App Landscape

PYMNTS

Meanwhile, Samsung is tackling the African market ahead of Apple and Android, and Google announces a way to avoid app downloads. Millennials Eschew Bank Mobile Wallets. The study found that both millennials and non-millennials want to use mobile to manage finances, and cash is becoming less important to both groups.

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SoFi Sees Investor Accounts Double Thanks To Fractional Shares

PYMNTS

The coronavirus-driven market downturn has prompted investing by younger people who see it as an opportunity, the report said, noting a number of other online brokers have also seen an increase in new investor accounts this year. Founded in 2011, SoFi made its reputation by refinancing student loans for millennials.

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Look To Gen Z For More Retail Trend-Setting

PYMNTS

Forget millennials – well, at least for a moment. The items are sold in small quantities to catch the interest of Generation Z and millennial consumers who aren’t interested in buying in bulk. This group is also big on conversations, both online and offline: Engagement Labs finds that they drive 19 percent of purchases.

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Five Innovative Ways Consumers Shop In The Digital Age

PYMNTS

Connected devices are becoming ingrained in consumer shopping habits: More than 50 percent of shoppers made online purchases in seven of 13 product or service categories in the past seven days, according to the PYMNTS How We Will Pay Report , while 20 percent went online with mobile apps to buy food to eat at home.

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TRENDING: Putting Car-Shopping, Payments In The Mobile Fast Lane

PYMNTS

It’s time to shift gears when it comes to a commonly held perception about millennials and vehicle ownership. After years of believing millennials were disavowing the practice, recent studies indicate the millennial generation is kicking the tires on the concept of owning or leasing their own set of wheels after all.

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Are Contactless Payments Making Cash Obsolete?

PYMNTS

The data also shared that 56 percent of millennials do not feel comfortable carrying cash in their wallet, which could be due to concerns of either spending it all too quickly or losing it. These mobile payment technology companies include the likes of PayPal, Venmo, LevelUp, Square, Google Wallet and more.

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