Oliver Burns’ Post

Today, Gen Z and Millennials make up the majority of consumers, which means that payment providers need to find new ways to keep them engaged during the checkout experience.  #NMI's latest blog by our Chief Product Officer, Tiffany Johnson, shows the impact these generations are having on how and where we pay.  #NMI #PaymentSolutions #EmbeddedPayments 

39% of millennials used BNPL in the past year - that's insane 🤯 TBH i'm also part of the 39%. Here's why: Buy Now, Pay Later (BNPL) is rapidly transforming consumer habits, especially among millennials. This flexible payment option is reshaping how people manage their finances, offering a more convenient way to make purchases without upfront costs. And the numbers speak for themselves: ↳ 16% of U.S. consumers have switched to BNPL ↳ 39% of millennials used BNPL in the past year ↳ BNPL shoppers spent $150 more on Black Friday than those using traditional payment methods! But what’s driving this shift? Consumers are increasingly prioritizing financial flexibility. BNPL offers a way to spread out payments, making larger purchases more accessible. It’s not just a trend for impulse buyers—BNPL is becoming a smart financial tool, helping people manage cash flow without resorting to high-interest credit cards. “This surge highlights the growing need for payment flexibility,” says a Sezzle spokesperson. “BNPL is empowering consumers to take control of their spending without sacrificing the things they want or need.” Beyond boosting purchasing power, BNPL is fostering more thoughtful spending habits, as consumers can better plan and manage expenses over time. With 20% of subscribers planning to cancel after initial discounts, BNPL offers a way to maintain engagement, turning temporary perks into lasting relationships. It’s clear that BNPL is more than just a payment method—it’s shaping the future of consumer finance. 🌍 P.S. Follow me for more insights on the evolving world of payments! 🔔 #BNPL #FinTech #Millennials #FinancialFlexibility #FutureOfFinance

79% of US Consumers Are Highly Satisfied With BNPL "...BNPL appears to be picking up the most steam among younger consumers. Forty-nine percent of Gen Z shoppers and 52% of millennials have used BNPL at least once in the last year, with 23% of shoppers in both segments increasing their BNPL use during that time. One driver behind the popularity of installment plans in general — and BNPL in particular — is the high level of satisfaction consumers across all generations report when being able to delay payments..." #bnpl #paylater #customersatisfaction #consumercredit PYMNTS Michael McCaw _____________________________________________________ If you want to immediately see new content that I curate 👉🏻 Ring my bell (🔔) and follow #informationbanker or if you want to get the posts that got noticed in my weekly What’d I miss newsletter, subscribe here: "https://lnkd.in/d5_KvWwu"

Gen Z vs Millennials: The battle of payments! 🤑💸 From tap to transfer, see how each generation handles their cash flow. 💳💥 Which team are you on? #GenZVsMillennials #PayTm #GPay #DigitalFinance #Stobotics #FinanceApps

Today, Gen Z and Millennials make up the majority of consumers, which means that payment providers need to find new ways to keep them engaged during the checkout experience.  #NMI's latest blog by our Chief Product Officer, Tiffany Johnson, shows the impact these generations are having on how and where we pay.  #NMI #PaymentSolutions #EmbeddedPayments 

Today, Gen Z and Millennials make up the majority of consumers, which means that payment providers need to find new ways to keep them engaged during the checkout experience.  #NMI's latest blog by our Chief Product Officer, Tiffany Johnson, shows the impact these generations are having on how and where we pay.  #NMI #PaymentSolutions #EmbeddedPayments 

Millennials, Gen Z Are Maxing Out Their Credit Card Limits, Defaulting On Payments: CIBIL Report Millennials and Gen Z are maxing out on their credit cards, spending a lot on e-commerce website through BNPL and EMI schemes. But here's the catch — they are defaulting with their payments, as per the latest #CIBILreport. Watch: https://lnkd.in/ggSK5trQ

Buy now, pay later (BNPL) is increasingly popular among millennials, with 39% using it in the past year. This payment method boosts spending power, as users tend to spend more than those using traditional payment methods. Subscription merchants adopting BNPL can enhance customer retention and satisfaction, especially since millennials value payment flexibility, making BNPL essential for driving revenue growth. #BNPL #millennials #paymentsolutions #subscriptioneconomy #customerretention

📈 Check out these key insights on consumer spending ahead of peak season. 📈    Learn the latest trends on high-income customers and coupons, Millennials and Gen Z shopping splurges, and how cashless payments boost impulse buys.     https://lnkd.in/gfGbjBtG 

Millennials & Gen X Leading the Charge in Digital Payments! Tech-savvy and always on the go, Millennials and Gen X are at the forefront of the digital payments revolution. Their preference for convenience and speed has made them the biggest adopters of digital payment solutions. Co-branded credit cards are their top choice, offering personalized rewards, exclusive discounts, and special offers that align perfectly with their lifestyles. These cards provide the perfect blend of financial management tools and trust in security, making them a favorite among these generations. Let's embrace the future of payments with these innovative solutions! #DigitalPayments #Millennials #GenX #Fintech #Innovation #CoBrandedCards #TechSavvy #FutureOfFinance #FinancialFreedom #SecurePayments