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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. The study estimates that 23 million consumers used voice assistants to make purchases — a 45 percent increase since 2018 and an 8 percent gain since 2019. Why The Surge In Popularity? connected devices.

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Millennial Small Business Owners Are Most Optimistic About 2018 Growth, BofA Survey Says

Bank Innovation

The most optimistic owners are millennials, according to data from the Bank of America Fall 2017 Small Business Owner Report. The survey of about 1,000 small businesses, released last week, found that the majority of millennial entrepreneurs (81%, the survey […].

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The Finanser’s Week: 6th August 2018 – 12th August 2018

Chris Skinner

The main blog headlines are … Millennials: STOP EATING AVOCADOS!!! 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.

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JPMorgan Chase ‘Excited’ for Zelle, Millennial App Finn in 2018

Bank Innovation

EXCLUSIVE—JPMorgan Chase will continue to expand its digital payment offerings in 2018, looking to acquisitions such as WePay to keep up its growth, bank CEO Jamie Dimon said during the bank’s earnings call today. The bank acquired both services last year, and will use them to expand both its consumer and business payments systems.

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By 2030 Millennials Will Have $20 Trillion In Wealth. Here’s What They Want In Robo-Advisors

Bank Innovation

Millennials are expected to have $20 trillion in wealth by 2030, according to a July 2018 CB Insights study. Currently, millennials’ combined financial assets come up to $4.5 Marketing investment options and robo-advisors to this mobile-centric group will require a specific strategy. trillion in wealth.

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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. Data: $762B: Amount that domestic and international leisure travelers spent in 2018. millennials who pay for hotels with debit cards or cash. 20%: Portion of all global travelers comprised of millennials.

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Things worth reading: 15th October 2018

Chris Skinner

Things we’re reading today include … Terrifying moment giant PYTHON crashes through bank ceiling and scares staff Card clash: Mastercard is gaining market share in the UK payments market ECB should keep policy options open regardless of Fed Millennials and apps are shaking up asset management Barclays to challenge Goldman … The post (..)