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

Payments Dive

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. Chaim Lever, co-founder of Four, a split-payment platform, shares his thoughts on why especially these two groups prefer to buy now and pay later.

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Trending: Meeting The Millennial Need For AI-Powered Visual Shopping

PYMNTS

For more on this and other news in the platform economy, visit the Playbook’s News and Trends section. An AI-Powered Visual Shopping Experience For Millennials, Gen Z. The app-based social commerce platforms are among several marketplaces struggling to protect users ag ainst opportunistic bad actors.

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What #Banking Trend Will Have the Greatest Impact on Your Bank?

Jeff For Banks

These were up-and-coming bankers, the future leaders of our industry, identifying industry trends that will have the greatest impact on their bank, in no particular order. Consumer Demographics and Changing Customer Demands Remember all the pre-pandemic talk about millennials? Now the oldest millennial is 43 (see table by Statista).

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Accounts Of Millennial Sobriety May Be Oversold

PYMNTS

Have millennials started starving a segment of commerce in a socially positive way? That is the recent question on minds of trend piece writers, with the publication of a recent Atlantic article that postulates the latest trend sweeping generation Sriracha is sobriety. Data from U.S. percent — of down from 60.8 Data from U.S.

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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.

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Airbnb: How To Win The $1.4T Battle For Millennials

PYMNTS

For example, studies show that one in every five millennials would abandon travel booking processes if their preferred payment method was not offered. Millennials are set to become a significant portion of global travelers (they already are, in fact), so it is critical for platforms to reach them in the channels where they are already.

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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. For more on these and other stories, visit the Tracker’s News & Trends.