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Chinese Millennials May Save Luxury Brands

PYMNTS

Sales of luxury goods in China are skyrocketing — up around 20 percent from 2016 — in its sharpest growth since 2011, as Chinese millennials seek products like handbags and cosmetics, Reuters reported. The popularity of luxury brands with Chinese consumers is also affecting the payment industry in the U.S.,

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Top News In Payments: Visa Enables Real-Time Insurance Disbursements, Bridge Millennials Provide Connected Commerce Insight

PYMNTS

Also, bridge millennials offer profound insight into the future of connected commerce. It is also working with InsurPAY by Invenger Technologies to help enable real-time disbursements for American Family. And MoviePass , which let customers see up to a movie a day in theaters for under $10 a month, has shuttered. MoviePass Shuts Down.

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SoFi Sees Investor Accounts Double Thanks To Fractional Shares

PYMNTS

Founded in 2011, SoFi made its reputation by refinancing student loans for millennials. Last month, SoFi inked a deal to buy Galileo Financial Technologies, a digital payments platform for $1.2 He said such purchases are seen as a way to make investing more accessible, especially among younger people.

Samsung 131
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Watson Marketing Delivers a Competitive Edge that Financial Institutions can Bank On

Insights on Business

; increasingly sophisticated security threats; and, most recently, shifting customer expectations driven in large part by millennials. Millennials are a fastidious breed. They rapidly leverage technology to compare options such as prices, features, and banking reputation when purchasing products and services.

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Five Key Takeaways From Poshmark’s IPO Filing 

PYMNTS

We created Poshmark in 2011 to make buying and selling simple, social and fun. Pairing technology with the inherent human desire to socialize, our marketplace creates passion and personal connections among users.”. 31 were millennials or Gen Zers, which is a very desirable demographic for an online platform.

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How Can Banks Thrive in the Next Five Years?

Jeff For Banks

Then came this bubble generation they named millennials. Ever call your millennial child only to get a text back asking "what?" There is a fintech firm, SoFi, that was born in 2011, that focuses on millennials financial needs. Because that is what millennials needed at the time. We can ignore millennials no more.'

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Poshmark IPO Puts Spotlight On reCommerce

PYMNTS

We created Poshmark in 2011 to make buying and selling simple, social and fun. Pairing technology with the inherent human desire to socialize, our marketplace creates passion and personal connections among users.”. 31 were millennial or Gen Z consumers. In doing so, we bring the power of community to buying and selling online.