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Why Millennials And Gen Z Could Save 2020's Holiday Shopping Season

PYMNTS

“We see millennial and Gen Z customers absolutely shopping, and the brands that deeply understand them are growing at faster rates than they have ever grown before,” Molnar said. The exclusive product-drop ecosystem is on fire, the online market and just the frequency with which customers are transacting is definitely elevating.

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CIBIL Study Shows Millennials Are Actively Checking Their Credit Scores

BankBazaar

While millennials are borrowing more than pre-millennials and post-millennials, they are still conscious about how much debt they are taking up…. Did you know that India’s millennials fall in the biggest borrowers’ category within the country? This is higher than the average score of non-millennials, which is 734.

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Afterpay Teams With Simon Before Holiday Shopping Season

PYMNTS

Shoppers can start a purchase in stores by selecting the card icon in the Afterpay mobile program, which activates the Afterpay card that can be used for purchases via Google Pay or Apple Pay. Millennial and Gen Z shoppers are focusing on sustainable and ethical fashion and retail more than before.

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Afterpay US CEO On The Changing Face Of Luxury In A Post-Pandemic World

PYMNTS

CEO of Afterpay , recently told Karen Webster that consumers — particularly millennials and Generation Z — were already showing distinct preferences for digital commerce and paying with debit cards rather than credit cards. I think [that] is definitely a positive, both for the retailer and consumer.”.

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Why Pushing Pause Will Help Subscription Commerce Surge

PYMNTS

That fact is increasingly underlined in a variety of data streams: recent PYMNTS consumer surveys, the earnings reports of the card networks, early information on how stimulus funds are being spent – they all tell the same story of consumers tightening their belts and shifting away from discretionary spending and toward necessities.

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Community Banks, Where Moving Beyond Interest Income Is In The (Credit) Cards

PYMNTS

One area of (overlooked) potential lies with credit cards. But the financial world is changing, Moorer told PYMNTS, due to generational shifts and consumers’ needs transitioning from baby boomers to the millennial. Issuing cards and creating a payments strategy, he said, can help community banks innovate in effective and exciting ways.

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Five Key Takeaways From PYMNTS’ BNPL Study

PYMNTS

Buy now, pay later ( BNPL ) may not be the most used payment option this holiday season, but it’s definitely the fastest-growing and most talked about, as consumers young and old are increasingly turning to the zero-interest or low-cost installment plans to spread out the cost of their purchases. BNPL Offers Are Cheap and Easy to Understand.

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