Post Tagged with: "demographics"

Millennials’ Mobile Banking Usage Is Now Close to 70%

Millennials’ Mobile Banking Usage Is Now Close to 70%

by March 30, 2016 at 11:04 am 2 comments

For Gen Y, the rallying cry was, “I want my MTV.” For Millennials, the cry might as well be, “I want my mobile banking.” About 67% of Millennials now use mobile banking, according to a study released today by the Federal Reserve. This compares to 18% for those consumers aged 60Read More

The Disappearing Check: How Long Until the End?

by May 7, 2015 at 7:46 am 4 comments

“The remaining lifetime of the check is directly related to the death rate among citizens over age 65.” That comment from one of our overseas partners sums up a common perception of check usage in America, and for that matter, anywhere else. Paper checks are going away — they’re anRead More

The Vastly Different Payments Worldview of Millennials, Explained [INFOGRAPHIC]

The Vastly Different Payments Worldview of Millennials, Explained [INFOGRAPHIC]

by November 3, 2014 at 9:54 am 1 comment

Just how differently do millennials view payments than previous generations? This infographic [ht Sam Maule] defines the differences, and they are vast. For example: 50% of millennials want mobile payments to speed up transactions. Gen X: 31%. 52% of millennials want mobile payments to keep better track of purchases. GenRead More

5 Signs Financial Innovation Is Better in Asia

5 Signs Financial Innovation Is Better in Asia

by November 25, 2013 at 1:52 pm 2 comments

Silicon Valley? Tel Aviv? Maybe London? Try Asia — which is the current hotbed of financial innovation, according to an Efma/Infosys report released Oct. 21. The world’s largest continent offers a combination of a youthful population, deep mobile penetration and a high level of comfort with technology. 95% of theRead More