PYMNTS

DECEMBER 2, 2020

Recent research by PYMNTS and Afterpay found that millennials are especially enthusiastic about these flexible payment options, and prefer them more than any other generation. percent of millennials report being financially stable, compared to 79 percent of non-millennial consumers. In fact, only 20.7

Retail 194

Retail Millennials Payments Analysis 194

PYMNTS

DECEMBER 8, 2016

Between the Instagram selfies, Twitter hashtags and Facebook posts, millennials seem to overshare. The more information that’s asked of them, the less likely it is that [millennials] will finish the application,” said Johnny Ayers, cofounder of Socure. “The It’s All About The Use Case . And they need customer data — at least some.

Millennials 100

Millennials Data social media Technology 100

PYMNTS

DECEMBER 13, 2019

What this demographic wants out of peer-to-peer (P2P) marketplaces is changing, however, as more millennials become fully active members of the working world. Millennials are still spending money on trips and vacations, but how and where they do so is shifting. Millennials And Their Changing Travel And Payment Opinions.

Millennials 141

Millennials Payments Groups Mobile 141

PYMNTS

NOVEMBER 27, 2019

The following Deep Dive outlines automation’s benefits, its potential ROI for implementing organizations and how these solutions can recruit millennial workers. . Recent research indicates the millennial generational group, those between 22 and 37 years of age, will be reflected by one in three U.S. workforce by 2025.

Millennials 161

Millennials Payments Capital Technology 161

PYMNTS

OCTOBER 16, 2019

billion Internet of Things (IoT)-connected devices around the world by 2025. Other providers are taking a different approach when it comes to the smart car, looking to appeal to millennials and other consumers that may have a new perspective on car ownership and usage. There will be 41.6

Millennials 191

Millennials Fraud social media Study 191

PYMNTS

DECEMBER 6, 2018

charitable giving market come from online donations , and the canned tuna industry is adapting to the tastes of millennials and younger consumers amid a decline in consumption. billion: The value that the global mPOS market is expected to reach by 2025. $31 In addition, tens of billions of dollars in the U.S.

Data 116

Data Millennials Financial Technology Online 116

PYMNTS

MARCH 10, 2017

million home buyers who are forecasted to enter the market by 2025. That customer base is expected to increasingly include millennials who are purchasing their first homes. With more than $1 billion in loans being issued, the company decided it was time to branch into the wider consumer mortgage market.

San Francisco 181

San Francisco Millennials Marketing Company 181

PYMNTS

JULY 18, 2018

trillion: The estimated worth of the global market for connected devices by 2025. 76 percent: Share of millennial consumers who report they are always looking to try new and different forms of banking, saving, payment and currency. $1 trillion: Value of loan balances held by credit unions as of March 2018.

Data 100

Data Millennials Fraud Community 100

PYMNTS

MAY 26, 2017

Looking forward, the report estimated that small businesses risk losing more than $45,000 between now and 2025 if they don’t start taking card payments. As the millennial generation comes of age and their purchasing power becomes stronger, businesses will have no choice but to pay attention to their preferences.”.

Report 140

Report Cards Millennials cryptocurrency 140

PYMNTS

SEPTEMBER 18, 2018

Gen Y and Z will represent 70 percent of the workplace by 2025, and we can no longer ignore the way they are reshaping today’s workplace and its codes,” stated Boris Bogaert, COO of corporate travel and expense management solutions provider Rydoo , in a recent interview with PYMNTS.

Millennials 138

Millennials Management Technology Innovation 138

CB Insights

DECEMBER 18, 2018

Forget millennials. According to the Population Reference Bureau, the number of people age 65+ in the United States is set to jump from 46M in 2015 to 64M by 2025, and on to nearly 100M by 2060. Fintechs are starting to target a new age demographic: retirees. Want the full expert post? Become a CB Insights customer.

Fintech 69

Fintech United States Millennials US 69

Chris Skinner

FEBRUARY 3, 2017

million banking jobs by 2025. Couple this with increasing regulation, historically low interest rates, and the fact that most (73%) millennials would prefer to get their banking services from a non-financial services company, and banks seem to be headed the way of Blockbuster.

Innovation 150

Innovation Millennials ATM Data 150

PYMNTS

JUNE 27, 2019

is down this year compared to 2017, particularly with millennials, and that baby boomers are now the new drivers of the movement.” In fact, it is expected to produce global revenue of $335 billion by 2025, up from $15 billion in 2015, according to one recent estimate.

Puerto Rico 109

Puerto Rico Los Angeles San Francisco Millennials 109

PYMNTS

SEPTEMBER 19, 2016

will “all but end” by 2025. But for many people  — especially millennials  —  this doesn’t ring true.” Who can predict the future? Ridesharing company Lyft says it can. Lyft looked into its crystal ball and reported that private car ownership in the U.S.

Millennials 100

Millennials Operations Company Marketing 100

PYMNTS

JANUARY 13, 2021

31 were millennial or Gen Z consumers. According to thredUP’s annual report, the resale marketplace is currently worth roughly $28 billion and is projected to reach $64 billion by 2025. And as those figures increase, so are Poshmark’s consumer engagement numbers — 6.2 What Comes Next.

social media 169

social media Trends Retail Report 169

PYMNTS

JULY 17, 2018

All those connected devices will, by 2025, represent an estimated $6.2 UL found that 70 percent of millennial consumers — who are, after all, headed toward their peak earning years — believe that, within five years, “the way we pay for things will be [totally] different.” More Connections, More Risk. Financial Services.

Security 102

Security eBook Millennials Industry 102

PYMNTS

FEBRUARY 13, 2017

consumers in the arms of online grocers by 2025 — purchases that the study suggests will value over $100 billion. The rates were considerably higher among millennial consumers ( go figure ). Some 28 percent of millennial consumers purchased groceries online in 2016, up from 21 percent in 2014. percent of U.S.

New York City 123

New York City Millennials New York Online 123

Abrigo

FEBRUARY 3, 2017

Understand and meet the desires of millennial borrowers, who will constitute 75 percent of the workforce by 2025. Recognizing the disconnect between the current reality and that desired process, the financial institutions I spoke with are seeking a new reality and making process improvements.

Lending 150

Lending Community Bank Meeting Community 150

PYMNTS

SEPTEMBER 20, 2019

In the payments ecosystem, we need look no further than the bridge millennial to see how the connected purchasing experience will evolve over the next decade. PayPal now offers consumers a range of promotional financing deals, including zero-interest installment loans to cover the price of their purchase. Trackers and Reports.

Fraud 108

Fraud Payments Bitcoin Lending 108

Gonzobanker

APRIL 4, 2024

Bloomberg recently reported that Chime, the leading fintech neobank, is planning to go public in 2025. of Millennials, 7.5% While valuation at many fintechs has dropped since 2022, Chime has bucked the trend. Is it ready for an IPO? According to the report , Chime has not engaged investment banks to date. That works out to 8.1%

Comparison 84

Comparison Fintech America Survey 84

PYMNTS

AUGUST 22, 2018

In citing some stats, the company said that the global market for luxury goods stood at $307 billion last year and should reach as much as $446 billion by 2025, per Bain. Citing Bain again, a fair chunk at 9 percent of the market, to rise to 25 percent by 2025. Within that, how much is online? Perhaps no surprise: the young’ns.

Online 101

Online Retail Branding Data 101

PYMNTS

MAY 20, 2019

The intelligent vending machine market, measured globally, could be worth as much as $15 billion by 2025. Millennials prefer to use cards for smaller transactions, namely those under $5. A number of factors were, have been and will continue to be at play in achieving and sustaining that growth, he told PYMNTS. “A

San Francisco 170

San Francisco Retail Philadelphia Cards 170

PYMNTS

FEBRUARY 19, 2020

Depending on how one defines the terms “weight management” or “weight loss services,” the industry is projected to be valued at $21 billion on the low end up to $443 billion on the high end by the year 2025. billion in revenue a year. Noom is an app-based method for tracking calories and activity.

Marketing 131

Marketing Exercises Course Big Data 131

PYMNTS

JUNE 24, 2019

percent CAGR between 2018 and 2025. According to the tracker, there was a 24 percent year-over-year increase in same-day ACH payment volume between Q1 2018 and Q1 2019, and the global real-time payments market is projected to increase by a 30.6 The gig economy’s functionality is tied to real-time payments.

Payments 162

Payments System Millennials Community Bank 162

Abrigo

MAY 24, 2016

Experts surveyed by Pew Research predict that by 2025, the Internet will become ‘like electricity’ — less visible, yet more deeply embedded in people’s lives. These statistics are important for you. A growing number of tech–savvy clients will likely expect your firm to have the same technology standards internally (e.g.

Technology 150

Technology social media Software Management 150

PYMNTS

DECEMBER 14, 2018

A growing group of consumers — particularly millennials and other young shoppers — are embracing connected grocery offerings. Online and mobile food sales are projected to have a 13 percent annual growth rate in 2018, with digital supermarket sales projected to reach $100 billion by 2025. Instacart Growth. billion.

Retail 197

Retail Millennials Capital Operations 197

PYMNTS

JULY 25, 2017

And that, Passione said, is an opportunity for lenders who, in the years since the Great Depression, have found themselves struggling to build relationships with millennial consumers and who have taken a sort of “chilly” outlook toward traditional financial institutions (FIs). Lenders who ignore this age group do so at their peril.”.

Lending 100

Lending Community Bank Millennials Community 100

PYMNTS

FEBRUARY 9, 2017

The first edition of the PYMNTS Gig Economy Index™ found that millennials typically change jobs four times within the first 10 years of graduation, compared to just two job changes in their parents’ generation. Temporary, contract, gig employment and job-hopping are fast becoming the new norm in the U.S.

Regional 100

Regional Comparison New York Millennials 100

PYMNTS

JANUARY 29, 2018

Online grocery sales are a booming business, with the eCommerce segment expected to make up 20 percent of all grocery sales by 2025. With services like AmazonFresh and Peapod, consumers can load up on kale, chicken — or whatever they need for their next meal — from their computers or smartphones.

Retail 126

Retail social media Examples Marketing 126

PYMNTS

APRIL 11, 2019

Globally, online alcohol sales will increase at an annual compound growth rate of 2 percent through 2025, according to another estimate , driven in part by a greater demand for “premium/super premium products” – which, when it comes to alcohol, are for many consumers easier to buy online than inside local stores.

Online 169

Online Retail Regulation Maine 169

Filene

MARCH 3, 2016

Millennials are more educated, more ethnically diverse, more optimistic, and more economically active than preceding generations and are set to leave a lasting imprint on American history: By 2025 three out of every four workers globally will be Millennials. The Solution.

Millennials 28

Millennials social media Study Washington 28

South State Correspondent

AUGUST 16, 2023

We should see a slight increase in production in 2025 and 2026 driven by lower rates. Gen Z and Millennials are now using credit on their cards which was not seen before 2020. Consumer Credit – Mortgage & HELOC Originations are down to the lowest level since 2005. There is a record low in rate/term refinancings.

Trends 195

Trends Cards Capital Data 195

Insights on Business

FEBRUARY 27, 2019

To ensure success in 2025, however, the focus should be on customers who use newer models in digital channels: Generation Y, Z, and Alpha, too—the children of millennials. Use case: Focus on the millennial market with mobile. We have seen what happens in just ten years. One hundred percent digital. That’s the new norm!

Customer Experience 107

Customer Experience Mobile Millennials Examples 107

Gonzobanker

JULY 27, 2022

Three in 10 Gen Zers and Millennials now consider a digital bank or fintech to be their primary checking account provider, and I would bet that most of them have no clue where that provider’s headquarters is located (or care, for that matter). Where : The Shift From Branches to Search to Platforms. That banking world no longer exists.

Strategy 88

Strategy Customer Experience Fintech blockchain 88

PYMNTS

OCTOBER 1, 2018

Murphy explained that fast-paced, smartphone-happy millennial consumers are likely to embrace in-store, mobile-based transactions through which they can scan and pay for an item by mobile app. Faced with a dwindling labor force, the country called for 100 billion retail products to be RFID-tagged by 2025, which supports automation.

Branding 155

Branding Retail Technology Data 155

PYMNTS

DECEMBER 24, 2019

In five short years, by 2025 , there will be more than 25 billion devices capable of interacting with the internet — up from 9 billion today. The How We Will Pay study found that bridge millennials — a highly educated consumer segment that tends to earn relatively high incomes — own an average of six connected devices.

Cards 160

Cards Payments Study Examples 160

PYMNTS

JANUARY 22, 2018

Both Nielsen and The Food Marketing Institute estimate that online grocery sales will hit 20 percent of all grocery sales by 2025. What has been dubbed the “Costco for millennials” sees 81 percent of its sales coming from consumers ages 25 to 44 who buy 10 items each time they order. For Boxed, it was nothing but upside.

Innovation 135

Innovation Online Branding El Paso 135