Remove Millennials Remove Online Remove United States
article thumbnail

BNPL Is Poised To Light Up The COVID Holidays With Affordability

PYMNTS

Buy now, pay later financing services can play an important role in motivating consumers to make purchases, particularly the key demographic of millennials,” the report states. Bridge Millennials Crossing Over To BNPL. How they use credit and how they feel about it, however, is what sets millennials apart from other demos.

article thumbnail

OAK + FORT: Flexible-Payment Plans Boost Luxury Purchases

PYMNTS

Many consumers are shying away from physical stores, however, leaving these high-end merchants scrambling to develop strong online presences. This trend is pushing BNPL methods forward in the United States, with one survey finding that more than one-third of the nation’s consumers had used installment payment plans as of July.

Payments 279
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

‘Costco For Millennials’ Attracts Big Investors

PYMNTS

A popular eCommerce retailer, which has been called the “Costco for millennials,” is attracting potential investors, according to The New York Post. Boxed has become one of the most sought-after tech startups because its distribution centers, which can provide 24-hour delivery to consumers’ homes in many parts of the United States.

article thumbnail

The Year In Data: Measuring 2020’s Payments Innovation

PYMNTS

percent of millennials believe it is “very” important to receive payments in real time. Key Data Points: The portion of consumers shopping and paying for retail goods online increased 34.9 percent of consumers bought groceries online in 2020, compared to the 18.6 Cross-Border Merchant Friction Index. percentage points.

Data 277
article thumbnail

Flexible Payment Plans Promise Merchant Growth In 2021

PYMNTS

The December edition of the Buy Now, Pay Later Tracker® explores how consumers’ shifts toward using BNPL solutions in stores and online accelerated during the holiday shopping season, as well as how this trend is poised to grow in the year ahead. The Latest Buy Now, Pay Later Developments. One study found that 41 percent of U.S.

Payments 276
article thumbnail

Can Cannabis Commerce Go Online?

PYMNTS

Millennials heavily favor legalization at 77 percent — no big shock there — but their baby boomer parents favor it even more heavily, at 81 percent. We came up with the idea of an online marketplace for cannabis because we were really looking at how people shop for everything. We can’t help with growing seeds or selling it.

Online 156
article thumbnail

Super Saturday Pulls In Record-Breaking $34.4B In Retail Sales

PYMNTS

More customers are shopping online, as well, as retailers offer improved web platforms. (58 58 percent of sales growth from 2018 occurred online. Recent social media sales i nnovations and a robust economy further the dominance of online shopping. This holiday shopping season saw its next biggest shopping days as Dec.

Retail 186