Bank Innovation

NOVEMBER 15, 2017

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 […].

Millennials 239

Millennials Survey America Data 239

Bank Innovation

APRIL 24, 2017

Money payment apps have gained enough momentum to prompt banks to come up with their own millennial-focused money movement solutions. But despite all the effort FIs put in duplicating the seamless experience of popular payment apps, millennials still seem to be sticking with Venmo, or skipping those apps all together.

Millennials 223

Millennials Payments Report Online 223

Chris Skinner

JULY 2, 2020

Some interesting stats in this report: By 2022, it is expected that 57.5 millennials will … The post More free research from Genpact appeared first on Chris Skinner's blog. I guess this week must be the week where I’ve found a lot of useful free research, as here’s another one. million U.S.

Millennials 496

Millennials Report 496

PYMNTS

NOVEMBER 5, 2020

As to who’s getting instant payments and where they are getting those payments from, it’s the bridge millennials, the younger generations, right on down to Generation Z. And the data show that millennials and Gen Z are among those cohorts most likely to have received instant payments. percent of millennials. And with 25.8

Millennials 246

Millennials Payments Course Company 246

PYMNTS

MARCH 6, 2020

San Francisco-based Empower Finance, a mobile banking app aimed at helping millennials save wealth, has raised $20 million in a Series A funding round led by Defy Ventures and Icon Ventures, according to a report. The Founder and CEO of Nubank David Velez also participated in the funding round.

Millennials 251

Millennials Digital Banking San Francisco Capital 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 14, 2020

Two groups of connected consumers continue to own more devices than all the rest: superconnected consumers and bridge millennials. Smart TVs are the most likely device to be owned by bridge millennials, an age group that consists of older millennials and younger Generation X consumers who “bridge the gap” between the generations.

Millennials 278

Millennials Report Examples Groups 278

PYMNTS

JUNE 25, 2020

While younger people in the millennial and Gen Z age groups report high levels of stress in a recent survey, the COVID-19 pandemic is not necessarily the main reason for that, CNBC reports. That decline was matched by Gen Z respondents. But finances are a particular point of concern for both generations.

Millennials 168

Millennials Survey California Maine 168

Bank Innovation

OCTOBER 20, 2017

The banks’ Venmo challenger is growing quite well, reporting just over $30 billion in transactions for the first half of 2017, but the app in question had a […]. PayPal’s third quarter earnings, specifically the quarterly results of its popular P2P app Venmo, seem to suggest that the answer is yes.

Millennials 312

Millennials Report Online Mobile 312

Bank Innovation

MARCH 6, 2019

Generation X and baby boomers, not millennials, are driving adoption of P2P services like Zelle, according to a survey conducted by Early Warning Services, the network operator of the P2P service. The report, released on March 4, […].

Millennials 170

Millennials Survey Operations Report 170

PYMNTS

MARCH 29, 2019

However, the reported success of RT1 in Germany doesn’t mean these kinds of faster payment systems are taking off everywhere. In this month’s feature story, Lee explained how these instant payment apps are fast becoming table stakes for recruiting and retaining employees — millennial and Gen Z workers in particular.

Millennials 178

Millennials How To Mobile System 178

PYMNTS

DECEMBER 15, 2020

PYMNTS’ December 2020 Buy Now, Pay Later Report , a collaboration with PayPal , examines the explosion in BNPL’s popularity, starting with a certain consumer group we all know and love. consumers, the new Buy Now, Pay Later Report is an instructive immersion into the levers that control installment commerce today.

Millennials 256

Millennials Report United States Study 256

PYMNTS

APRIL 18, 2019

Silicon Valley is losing its luster with young adults, as recent polling shows millennials are gearing up to leave the San Francisco area at an increased rate. Meanwhile, Reuters reported growth in the number of new residents setting down roots in Silicon Valley was 38,000 in 2018, marking a ten year low.

San Francisco 181

San Francisco Millennials San Jose North Carolina 181

PYMNTS

JULY 15, 2020

Millennial-Banking Apps Are Struggling. Chase’s decision to shut down Finn and Wells Fargo’s move to stop adding users for Greenhouse raises the question as to whether there’s really demand from millennials for apps that are separate from a bank’s main offerings. For instance, J.P.

Millennials 166

Millennials ATM Mobile Maine 166

PYMNTS

MAY 26, 2020

The data on millennials’ lifetime earnings potential were already fairly grim long before the word “coronavirus” became part of everyone’s daily conversations – and before the U.S. A 2016 paper led by Stanford University Economist Raj Chetty found that millennials were in deeper economic trouble than a quick look at the U.S.

Millennials 153

Millennials Study Groups Survey 153

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

AUGUST 10, 2020

These are some of the takeaways of PYMNTS’ Disbursements Satisfaction Report 2020: Monetizing Payout Choice , a collaboration with Ingo Money. Microbusinesses report faring even worse, saying they have choice for only 38 percent of each of these two types of disbursements. . We surveyed more than 5,000 U.S.

Report 228

Report Payments Millennials Cards 228

Bank Innovation

OCTOBER 28, 2016

Turns out even millennials don’t care that much about mobile payments. According to a report presented by the tech consultancy Accenture at Money20/20, the number of those of us in North America who use our mobile phones to pay at the point of sale hasn’t changed in the slightest since last year, Read More.

Millennials 150

Millennials Mobile Study Payments 150

PYMNTS

DECEMBER 8, 2020

How We Will Pay , a PYMNTS and Visa collaboration, surveyed a census-balanced sample of nearly 9,600 consumers on how they browse and shop for groceries and other goods, and found while the pandemic affects everyone, “no one has changed quite as much as the two most connected consumer groups of all: bridge millennials and superconnected consumers.”.

Millennials 139

Millennials Survey Course Groups 139

Perficient

AUGUST 31, 2020

What will they expect from an experience given how they grew up under the influence of Millennials (their parents)? Imagine less reporting on CSR initiatives from brands and more enablement of self-service accountability tracking and reporting features for consumers. But who are they? The last question is the easiest to answer.

Customer Experience 506

Customer Experience Branding Community Millennials 506

PYMNTS

DECEMBER 10, 2020

percent and 34 percent of millennial and Generation Z consumers, respectively, report the same. Lack of familiarity is particularly high among older generations: 68 percent of baby boomers and seniors and 50.4 percent of Generation X consumers are unfamiliar with instant payments, while only 39.3

Report 219

Report United States Millennials Payments 219

PYMNTS

AUGUST 10, 2020

Also striking is that payees feel they receive limited payment choices in general, even though the companies with which they do business — known as “payors” — report providing various disbursements options. To learn more about how offering instant disbursements can help firms close the payout choice gap, download the Report.

Millennials 222

Millennials Data United States Report 222

Payments Dive

OCTOBER 3, 2023

Millennials are the most willing age group to consider BNPL to manage holiday spending amid rising prices, according to a Square and Afterpay report.

Survey 243

Survey Millennials Groups Management 243

PYMNTS

OCTOBER 13, 2020

“Approximately twice as many consumers shopped for retail products from home in the summer of 2020 as they did in the summer of 2019, and three times as many grocery-shopped from home this summer over last summer, too,” the Report states, giving an idea of scope. Creation of the ‘Superconnected’ Consumer.

Millennials 298

Millennials Study Case Study Retail 298

Bank Innovation

MAY 11, 2017

According to the bank’s Trends in Consumer Mobility Report released today, nearly two in five (36%) adults currently use person-to-person payments, with millennials nearly double that […]. In fact, P2P has become the new social ‘norm,’ Bank of America claims.

Millennials 262

Millennials America Trends Mobile 262

PYMNTS

JANUARY 26, 2021

PYMNTS reported that Pilot’s services could especially help millennial business owners, as those types of businesses are the ones often in need. PYMNTS cited stats that 67 percent of millennial businesses run independent companies instead of franchises.

Millennials 262

Millennials Taxes Boston Analysis 262

PYMNTS

NOVEMBER 5, 2020

Noting the ways COVID has permanently changed retailing, CNBC recently reported , “As more and more stores go dark at the mall, some major retail executives are looking to grow outside of it — a tactic they hadn’t touted so publicly before. And as compelling as the current eCommerce expansion is, counting out stores is a big miscalculation.

Retail 252

Retail Millennials Online Report 252

PYMNTS

SEPTEMBER 9, 2020

Fifty-three percent of millennials say the same, although this generation was likely using eCommerce in greater numbers than baby boomers and seniors already. For more on these and other SMB reopening developments, download this month’s Report. About The Report. This group is still a minority, however, with 59.7

Retail 169

Retail Report How To New Jersey 169

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 14, 2021

Forty-two percent of respondents report using mobile apps as their main source for financial education, and 36 percent report using social media to learn about financial products. To learn how financial services firms are leveraging digital tools such as contextual video to engage with customers, download the report.

Video 224

Video social media Millennials Data 224

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. from millennials and 3.9 The study found that: 54% of Americans have used ChatGPT for finance recommendations. ranging from 3.6 from Gen Zers and baby boomers to 3.8

Apple 166

Apple Examples Tools Analysis 166

Payments Dive

MAY 12, 2017

Bank of America's latest Trends in Consumer Mobility Report shows that P2P adoption is strong across all generations. While millennials lead the charge, Gen Xers, baby boomers and even seniors use such services to varying degrees.

Mobile 219

Mobile Millennials America Trends 219

PYMNTS

SEPTEMBER 11, 2019

As many as 72 percent of bridge millennials say mobile apps are important for accessing bank accounts. As reported in this space earlier this year, as much as 70 percent of the population lacks bank accounts. 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

JANUARY 8, 2021

Robinhood ’s platform is popular with amateur retail investors, particularly millennials and Gen-Zers. CNBC reported that the Silicon Valley startup has raised more than $1 billion in funding this year. Robinhood is considering selling shares directly to its users if it opts to hold an initial public offering (IPO).

Massachusetts 363

Massachusetts Fintech Millennials Retail 363

Bank Innovation

NOVEMBER 2, 2017

EXCLUSIVE–Are fintech lenders really more risky, more desperate for customers, and more appealing to millennials? As a credit reporting agency, TransUnion has a wealth of data on lenders, including fintechs, and put these rumors to the test with its newstudy, Fact or Fiction: Are Fintechs Different from Other Lenders?

Fintech 218

Fintech Millennials Innovation Data 218

PYMNTS

MAY 22, 2020

There is a growing list of things millennials have seemingly been blamed for rendering obsolete, such as cocktail napkins, casual dining and expensive engagement rings. These are among the key conclusions of Delivering Cardholder Customer Service Report , a collaboration with Elan , for which PYMNTS surveyed of 2,078 U.S.

Cards 216

Cards Data Millennials Report 216

PYMNTS

JANUARY 12, 2021

Fifty-eight percent of consumers in a recent PYMNTS survey reported receiving nongovernment disbursements – such as loans, insurance payments or rebates – through non-instant payment methods, but this did not necessarily reflect payors’ capacities to make instant payments. Instant Payments and the Millennial Push.

Millennials 239

Millennials Payments Lending Study 239