And the generation of banking consumers that most needs an urgent intervention isn’t the youngest one.
Building and renovating branches to align with their new vision is bringing them new business.
Today’s podcast episode of The Banking & Payments Show discusses why financial literacy is so important in younger generations (Gen Z and Gen Alpha), not only for individuals but also for financial institutions and society. In ‘Headlines,’ we examine Gen Z’s low functional knowledge of personal finances and then shift gears for the ‘In Argument’s Sake’ segment to debate whether improving financial literacy among young people is outdated. Listen to the conversation as host, Rob Rubin, welcomes our analyst Maria Elm and Sumit Arora, Global Head of Consulting at Persistent Systems, to the podcast.
We look at why Apple is breaking down its walled garden and adding competition for Apple Pay Later
Tap to Pay functionality is growing for P2P payments. It could help Apple gain more P2P volume
These upgrades help make the mobile wallet a go-to app for consumers, which should drive use and loyalty
They make it easier to update payment information. The added convenience should prove popular
Millennials and Gen Zers especially demand more customized rewards
How to classify BNPL loans and whether to mandate credit reporting are still up for debate
The bank used an AI solution to build and test a national campaign with personas. But the marketing team conducted its own research, too.
The Attune World Elite Mastercard may not gain top-of-wallet status, but it offers a compelling value proposition
The plans give customers more flexibility in how and when they make their repayments, which should help Affirm attract more users
Larger retailers are showing a willingness to be more combative as they push back against swipe fees