PYMNTS

MARCH 13, 2020

Recent research finds that 67 percent of millennial business owners operate independent companies rather than franchises. Recent research finds that 67 percent of millennial business owners operate independent companies rather than franchises. Proper tax education is critical to any business’s future, Daher said.

Millennials 160

Millennials Taxes Innovation Operations 160

PYMNTS

SEPTEMBER 29, 2020

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. For example, Purity’s Kostick noted that his firm’s makeup sales have gone down, but its orders for skin care products have doubled. Consider Consumers’ Needs.

Millennials 251

Millennials Retail Online Branding 251

PYMNTS

AUGUST 7, 2020

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. Millennials have been hit especially hard, with one study finding that 5.6

Millennials 159

Millennials Report Industry Study 159

PYMNTS

DECEMBER 10, 2019

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.

Millennials 136

Millennials Retail Groups Online 136

PYMNTS

DECEMBER 14, 2020

Consumers who are spending more time at home and becoming less mobile are doing away with many of the connected devices they once used to support their on-the-go lifestyles, with eReaders and activity trackers being two prominent examples. Devices such as these, which are designed to accommodate a single function, have become less common.

Millennials 278

Millennials Report Examples Groups 278

PYMNTS

APRIL 6, 2019

Because the millennial art buyers are arriving – and what they buy, how they buy it and how they relate to it is very different than prior generations. The Simpsons,” Dolls, Shoes – The Eclectic World of Millennials’ Collections. It wasn’t the only big sale for a KAWS piece that day – a millennial Chinese buyer dropped $2.6

Millennials 148

Millennials Marketing Trends New York 148

PYMNTS

JANUARY 9, 2020

For example, studies show that one in every five millennials would abandon travel booking processes if their preferred payment method was not offered. Homesharing Platforms Vie For Millennial, Gen Z Travelers. Visit the Playbook’s feature story to find out how Airbnb is prioritizing payments for millennial loyalty.

Millennials 134

Millennials How To Trends Payments 134

PYMNTS

SEPTEMBER 30, 2020

Luxury retailers are also targeting millennial and Generation Z consumers to expand their customer bases, with one report showing that millennials accounted for 35 percent of high-end retail purchases, for example. Australia-based installment payment provider Afterpay , for example, has seen its revenues hit $3.8

Payments 279

Payments Millennials Retail Trends 279

PYMNTS

JANUARY 10, 2020

They want convenient booking tools, fast payment methods and secure reservations when planning their trips, and these needs have not changed much as millennials have come of age. Millennials and younger generations are digitally minded and want to interact with brands that can answer their personal requests through online and mobile channels.

Millennials 131

Millennials social media Mobile Payments 131

PYMNTS

FEBRUARY 4, 2020

Older “ bridge millennials ” led the way when it comes to living within one’s means by showing a clear preference for debit products. Recent research shows that mobile wallets are more likely to have debit cards loaded than credit, tracking with popularity among millennials even more than Gen Yers. Safe, but Not Immune.

Millennials 131

Millennials Fraud ATM Cards 131

PYMNTS

DECEMBER 3, 2020

Yet, the two most connected consumer groups — bridge millennials and superconnected consumers — have changed their habits the most. Both bridge millennials and superconnected consumers own more connected devices than the average consumer and are considered to be on the cutting edge of digital adoption.

Millennials 211

Millennials Groups Study Retail 211

PYMNTS

OCTOBER 13, 2020

For example, we find that 73 percent of surveyed consumers said this year that they were eating lunch at home, an increase of 30 percent from 2019.”. The heaviest users of voice commerce are the bridge millennials, the older of that generational group, with more disposable income and high levels of technological fluency.

Millennials 298

Millennials Study Case Study Retail 298

PYMNTS

JANUARY 12, 2021

Housing loan applications in the European Union recovered in Q3 after a significant dip earlier in the year, for example, with banks seeing such applications rise 31 percent. Instant Payments and the Millennial Push. The crisis has also increased consumers’ demand for loans in several categories.

Millennials 239

Millennials Payments Lending Study 239

Perficient

FEBRUARY 18, 2021

That said, many lessons can be learned by looking across various industries for best practices around understanding the customer journey, engaging brand experiences, and Millennial and Gen Z customer acquisition and servicing. The approach we took, and you’ll see in the presentation, are real-world examples of digital trends.

Digital Strategies 383

Digital Strategies Strategy Industry Case Study 383

PYMNTS

SEPTEMBER 11, 2019

As many as 72 percent of bridge millennials say mobile apps are important for accessing bank accounts. In other examples, in Hong Kong, Ping An will be launching a digital bank within the next several months. As we noted in this space earlier in the summer, using apps to bank is markedly being embraced by the younger generation.

Digital Banking 160

Digital Banking Millennials Mobile Regulation 160

PYMNTS

AUGUST 10, 2020

The findings also show that the use of new technologies could play a crucial role in personalizing the payments experience for consumers, especially younger tech-savvy generations like bridge millennials and millennials.

Millennials 222

Millennials Data United States Report 222

Perficient

JANUARY 12, 2021

Gartner also reports that 30% of Gen Z and Millennial shoppers wish that online shipping experiences would incorporate AR/VR features, though less than one-fifth of analyzed brands have integrated them. In 2019, Gartner projected that over 100 million customers would be shopping with AR in 2020.

Customer Experience 538

Customer Experience Branding Video Online 538

PYMNTS

NOVEMBER 5, 2020

Macy’s, for example, said in early September it’s planning to open a smaller-format Bloomingdale’s department store away from the mall. Ten percent more Gen X consumers would shop in stores now than in June, and 5 percent more millennials would do the same than in June.”. Driving Digital-First Foot Traffic.

Retail 252

Retail Millennials Online Report 252

PYMNTS

JANUARY 28, 2021

Nearly 36 percent of CU members said they are “very” or “extremely” interested in using P2P payments, for example, yet only 25 percent said they are familiar with them. PYMNTS’ research indicates that millennials (ages 23 to 39) and bridge millennials (ages 30 to 40) have the greatest interest in P2P payment use, for example.

Innovation 187

Innovation Millennials Payments Mobile 187

Perficient

JUNE 16, 2020

With the healthcare industry having to quickly jump on the cloud bandwagon with telehealth recently, it is becoming apparent that a new norm is (in my millennial opinion, finally) emerging. Automatic maintenance updates, streamlined data privacy, patch and vulnerability management are all examples of the package with cloud.

Google 322

Google Colorado Data Compliance 322

PYMNTS

JANUARY 14, 2021

More than half of consumers find it difficult to locate relevant information on their banks’ websites, for example, a problem that led many to seek assistance in physical branches. This means consumers are turning more to digital tools, but unlocking and embracing the potential benefits of these tools has not been easy.

Video 224

Video social media Millennials Data 224

PYMNTS

APRIL 8, 2019

The latest estimates from the Small Business Administration (SBA) peg the number of new SMBs at 414,000 each year, spurring job creation and economic growth for the country, with millennial entrepreneurs at the helm. The high failure rate of a new small business has entrepreneurs focused on simply surviving their first few years in operation.

Strategy 279

Strategy Millennials Data Online 279

PYMNTS

NOVEMBER 16, 2020

Some recipients are unlikely to perceive the difference between the numerous disbursement methods used to send them payments, for example. Forty-nine percent of income and earnings disbursements are still made using legacy methods, for example, while this share is 52 percent for microbusinesses. percent, respectively.

Data 256

Data Millennials Examples Payments 256

PYMNTS

NOVEMBER 9, 2020

Having digital payment options is even more important to bridge millennials, millennials and members of Generation Z than to the average consumer — and far more important than it is to either Generation X consumers or baby boomers and seniors,” notes the PYMNTS How We Will Shop Report , a collaboration with PayPal. Walmart gets it.

Retail 261

Retail Millennials Online Tools 261

PYMNTS

SEPTEMBER 16, 2019

In the payments ecosystem, we need look no further than the bridge millennial for how the connected purchasing experience will evolve over the next decade. Out are the devices that connect to the internet but only do one thing – fitness trackers that only track vital stats or eReaders that only download content, for example.

Millennials 222

Millennials Study Course Trends 222

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 31, 2020

percent of millennials believe it is “very” important to receive payments in real time. percent more B2C merchants than B2B merchants offer discounts, for example, and 11.1 Buy Now Pay Later: Millennials And The Shifting Dynamics Of Online Credit. Millennials are big fans of buy now, pay later (BNPL), as this report showed.

Data 277

Data Innovation Payments Millennials 277

PYMNTS

AUGUST 13, 2019

Fifteen percent of in-store shoppers use other merchants’ apps, for example, and 6.9 The biggest users are millennials, Generation X and bridge millennials, the sub-segment of those ages 30 to 40 with higher incomes. percent) of millennials, 81.6 percent of bridge millennials and 75.8 For example, 43.4

Retail 181

Retail Millennials Mobile Payments 181

PYMNTS

APRIL 13, 2020

There has been similar growth in mobile disbursement interest in the business-to-business (B2B) space as well, especially as more millennial and Gen Z workers join firms’ staff. Millennials are among the top financial app users: 94 percent of surveyed millennials use P2P apps like Venmo and Zelle.

Mobile 232

Mobile Innovation Millennials Payments 232

PYMNTS

JUNE 22, 2020

Post-2009, millennials demonstrated a clear aversion to financial risk, especially for lifestyle purchases, resulting in a tangible shift away from credit cards. Because BNPL emerged from the Great Recession, that mindset is deeply embedded among those that have snapped up this unique form of point-of-sale installment payments.

Millennials 151

Millennials Cards Examples Retail 151

PYMNTS

DECEMBER 24, 2020

Millennials have shown remarkable interest in these solutions, which allow consumers to finance purchases with specific terms when they check out online. Millennials lead in the early adoption of BNPL, especially older “ bridge millennials ,” or those aged 32 to 41 who tend to have more purchasing power than their younger counterparts.

Payments 260

Payments Millennials Survey Trends 260

Gonzobanker

OCTOBER 17, 2024

Six in 10 Gen Zers and millennials, half of Gen Xers, and a third of baby boomers said they’ve received recommendations for at least one of eight financial products. For example, 25% said they’d want a recommendation from ChatGPT for a credit card—and the percentages go down from there. from millennials and 3.9 ranging from 3.6

Apple 158

Apple Examples Tools Analysis 158

PYMNTS

MAY 25, 2018

Perhaps the most famous example, at least in a general sense, is the healthcare venture backed by Amazon , Berkshire Hathaway and JPMorgan Chase to launch a company that would reduce healthcare costs, among other goals. But that’s not stopping payment and commerce players from trying to use technology to bring more efficiency to the system.

Technology 166

Technology Payments Millennials blockchain 166

PYMNTS

DECEMBER 4, 2018

Take, for example, Uber’s recently announced four-tier loyalty program tied to Uber POOL and Uber Eats, which will eventually extend to bikes and scooters. The Millennials Cometh. We are talking here, of course, about millennials. with the condition that you make three stops before finding your way to the final destination.

Payments 191

Payments Millennials Cards Course 191

PYMNTS

MAY 21, 2020

They are saving more money, making fewer extraneous purchases and putting more funds toward paying off existing bills, for example: The savings rate among U.S. Many installment payment providers have reported increases in customer adoption figures and greater shares of repeat customers as BNPL enthusiasm picks up, for example.

Millennials 202

Millennials Examples Retail Cards 202

Insights on Business

FEBRUARY 13, 2019

For example, there are teams focusing on: Onboarding and Enchantment. Revamping the company’s internal structure is one of the first steps Bradesco took to achieve the goal of creating experiences that meet expectations of millennials. If it doesn’t, negative news travels fast through millennial networks. Day-to-day tasks.

Albuquerque 152

Albuquerque Digital Banking Millennials social media 152

PYMNTS

JANUARY 16, 2020

As the travel industry shifts into higher digital gear, and increasingly responds to the needs and desires of new consumer groups — millennials and Gen Z among them — some players are getting left behind and making their way into the history books. That’s the general case with travel search startup Hipmunk.

Millennials 142

Millennials Meeting Innovation Mobile 142