Articles with tag: millennial

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China's share of the global luxury market nearly doubled in 2020

News | Ecommerce | 06 Jan 2021

A report by Bain and Company and Tmall Luxury Division has revealed that China’s share of the global luxury market nearly doubled in 2020.

Bain and Company, Tmall Luxury Division, report, research, China, global luxury market, Millennials, Gen Z, pandemic, COVID-19, online shopping behaviour

Shoppers shift their share of ecommerce spending towards tickets and travel, Klarna reveals

News | Ecommerce | 11 Dec 2020

Klarna has released data that indicates shoppers in the US shifted their share of ecommerce spending towards intangible items during Cyber Week (30 November - 6 December 2020).

Klarna, research, US, shopping behaviour, consumer behaviour, ecommerce, intangible items, Cyber Week, Gen Z, Millennials, Gen X, Baby Boomers, online shopping

Lanistar launches app, registrations for world-first polymorphic payment card

News | Cards | 16 Nov 2020

Lanistar has revealed its world-first polymorphic payment card, known as the Volt card, and begun to accept user registrations and app downloads ahead of its product launch in January 2021.

Lanistar, launch, polymorphic payment card, card, cards, Volt card, multiple currencies, split payments, Generation Z, millennials

Robinhood raises USD 660 mln in latest funding round

News | Payments General | 24 Sep 2020

Robinhood, the financial technology startup popularising trading among millennials, has increased its latest funding round from investors to USD 660 million.

Robinhood, funding, startup, financial technology, millennials, fintech

Keeping up with digitalisation: author Chris Skinner on 'Doing Digital'

Interviews | Payments General | 21 Sep 2020

Banking Circle interviews Chris Skinner, author of the bestselling books Digital Bank, about how banks are approaching digitalisation, the risks for those that fail to keep up, and the impact of COVID-19 on the industry

digitalisation, banking, fintech, payments, Banking Circle, Chris Skinner, COVID-19, millennials, Gen-Z, digital transformation

Sezzle activates Google Pay and Apple Pay, extending its reach into in-store retail

News | Cards | 09 Sep 2020

US-based instalment payments platform Sezzle has released its virtual card for shoppers, enabling them to pay by using interest free instalments both in-store and online.

Sezzle, US, instalment payments, virtual card, shoppers, interest free, instalments, retailers, Apple Pay, Google Pay, Sezzle Virtual Card, Buy Now, Pay Later, Marqeta, merchants, checkout, point-of-sale, mobile wallet, Millennials, Gen Z

US-based fintech Cred.ai releases AI-powered credit card

News | Cards | 14 Aug 2020

Startup Cred.ai has launched a new banking platform specifically for millennials, along with a solid metal credit card. 

US, United States, fintech, Cred.ai, AI, credit card, banking platform, millennials, metal credit card, startup, financial services, FDIC insured deposit account, Unicorn Card Visa, mobile app, mobile check capture, payroll, direct deposit, onboarding

PPRO offers DOKU as a payment option, with more Indonesian payment methods to come

News | Online Payments | 13 Aug 2020

PPRO has announced in a newsletter that it added DOKU as a payment option, with more Indonesian payment methods on the way.

PPRO, DOKU, Indonesia, payment methods, credit card, payment methods, e-wallet, Millennials, Indomaret, Alfamart, ecommerce, online shopping

Philippines pilots pre-registration for biometric national ID programme

News | Digital Identity, Security & Online Fraud | 11 Aug 2020

The Philippines Statistics Authority (PSA) has initiated a project to collect all information for the Philippine Identification System (PhilSys) national ID programme.

The Philippines Statistics Authority, PSA, Philippine Identification System, PhilSys, national ID programme, biometric information, unbanked, digital ID, Kumu, Element, artificial intelligence, AI, Millennial, Gen Z

Younger generations drive UK alternative payment methods adoption, PPRO reveals

News | Online Payments | 11 Aug 2020

A new study from PPRO has revealed that younger generations feel confident using or have used alternative payment methods.

PPRO, study, alternative payment methods, APMs, UK, bank transfers, e-wallets, Millennials, Generation Z, credit cards, debit cards, local payment methods, LPMs, ecommerce, digital payment methods, PayPal, mobile wallets, Apple Pay, Google Pay, security, online merchants, PSPs, fintechs, checkout

credit.ai launches its credit card

News | Cards | 10 Aug 2020

US-based fintech cred.ai has launched an AI-powered credit card, designed for Gen Z and Millennial customers.

US, fintech, cred.ai, AI, artificial intelligence, credit card, cards, Millennials, Gen Z, Unicorn Card, Wilmington Savings Fund Society, WSFS, Visa, paychecks, transactions, Flux Capacitator, Check Please, Friend&Foe, merchants, High Security Mode

Visa reveals shifts in consumers' and SMBs' behaviours due to COVID-19

News | Online Payments | 04 Aug 2020

Visa has released the Visa Back to Business study assessing the increasing shift to ecommerce in response to the COVID-19 pandemic.

Visa, study, Visa Back to Business, ecommerce, COVID-19, consumer behaviour, SMBs, POS, contactless payments, Millennial, Gen X, Boomers, fraud management

Afterpay US rewards on-time payments with new loyalty programme

News | Online Payments | 24 Jul 2020

‘Buy Now, Pay Later’ payments company Afterpay has launched a loyalty programme, called Pulse, which rewords customers who spend responsibly.

Buy Now, Pay Later, Afterpay, launch, Pulse, US, rewards programme, loyalty programme, credit card schemes, responsible spending, Millennials, Gen Z, debit cards, Visa, credit card, eligible purchases, Sephora, Macy's West Elm, instalments, retail, Australia, New Zealand, UK

Canada-based investment app Moka enters European market

News | Payments General | 22 Jul 2020

Savings and investment app Moka (a fintech formerly known as Mylo) has launched in Europe, according to altfi.com.  

Moka, Canada, Europe, France, investment app, savings and investment, fintech, Mylo, millennials, ETFs, rewards programme, cashback, UberEats, Apple Music, HelloFresh

Sezzle, CGK reveal insights regarding instalment payments amongst Gen Z, Millennials

News | Payments General | 05 Jun 2020

US-based payments platform Sezzle and the Center for Generational Kinetics (CGK) have revealed insights regarding younger consumers’ behaviour towards instalments.

Sezzle, the Center for Generational Kinetics, CGK, consumer behaviour, instalments, Gen Z, Millennial, Buy Now, Pay Later, instalment payments, credit cards, US, Canada, digital payments

Klarna to provide payment flexibility to Dune Group

News | Ecommerce | 04 Jun 2020

Klarna has announced a partnership with UK-based fashion footwear and accessories provider The Dune Group to offer customers flexible payment options.

Klarna, The Dune Group, Austria, Germany, Netherlands, Switzerland, UK, ecommerce, flexible payment, Pay in 30, Instalments, COVID-19, Gen Z, Millennial, Gen X, Baby Boomers, International Committee of the Red Cross, ICRC, ASOS

Mobile wallet payments to surge by 50 percent in 2020

News | Mobile Payments | 03 Jun 2020

Data gathered by Buy Shares UK has revealed that mobile wallet payments will increase by 50% amid the coronavirus pandemic in 2020.

mobile wallets research, mobile wallet payments, POS payments, Millennials, Gen Z, China, US, UK, Brazil, Statista

Payment experience to influence spending with travelling, Amadeus study

News | Ecommerce | 12 Mar 2020

Almost three quarters (74%) of travellers have decided that a poor payment experience reduces the enjoyment of their holiday, according to new Amadeus study.

Amadeus, travel technology, payments, ecommerce, e-wallets, cards, payment experience, pay by instalment, millennials, study

When it comes to managing finances, millennials value technology

News | Ecommerce | 06 Mar 2020

When it comes to money management, millennials value transparency, technology, and talking, a new research from global payments provider Klarna has revealed.

millennials, finance, study, Klarna, money management, payments, transparency, technology

Use of debit cards on the rise, Deloitte consumer payments survey reveals

News | Cards | 26 Feb 2020

Deloitte has found that 52% of Gen Z and 41% of millennials in our survey would prefer to use debit cards most.

Deloitte, study, credit card, debit card, payments, loyalty, millennial, credit card issuers