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
Post Tagged with: "demographics"
“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
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
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