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💳 Payment preferences are changing in light of higher prices: 🔹25% of consumers have used BNPL in the last 12 months. 🔹19% of GenZ and Millennials plan to use BNPL to pay for their travel over the next 12 months. More from Forter's latest consumer survey here. https://okt.to/YvNID8

💳 Payment preferences are changing in light of higher prices: 🔹25% of consumers have used BNPL in the last 12 months. 🔹19% of GenZ and Millennials plan to use BNPL to pay for their travel over the next 12 months. More from Forter's latest consumer survey here. https://okt.to/CqaBGF

💳 Payment preferences are changing in light of higher prices: 🔹25% of consumers have used BNPL in the last 12 months. 🔹19% of GenZ and Millennials plan to use BNPL to pay for their travel over the next 12 months. More from Forter's latest consumer survey here. https://okt.to/r2Y8L4

Did you know that 37% of US Gen Zers and 32% of millennials have recently embraced Buy Now, Pay Later (BNPL) services? 🛒 The rise of these frictionless payment platforms is reshaping how the younger generations shop, with projections expecting over 100 million US BNPL users by 2025. 🌐💼 🛍️ As the holiday season approaches, BNPL sales are set to hit $17 billion in the US, marking a significant shift in consumer behaviour. Gen Z, known for their digital prowess, is driving the growth of BNPL with their preference for seamless web and app experiences. 🌐 The takeaway for businesses? Tailor your marketing strategies to tap into this BNPL trend across various demographics. For retailers, adopting BNPL services isn't just a choice; it's a strategic move to elevate sales in a landscape where convenience is key. 💡 How do you see BNPL shaping the future of retail, and what steps should businesses take to leverage this growing trend? Share your insights! 👇💬 Source: Morning Consult, Sept 2023 #bnpl #retailrevolution #genz #marketingstrategy

Younger consumers are increasing their use of credit products, according to a study by The Financial Brand 📈 💳 📊 For everyday purchases, 42% of millennials and 30% of Gen Z have increased their use of credit. For occasional purchases, the percentages rise to 44% and 35%, respectively. These data highlight the importance of developing strategies and financial products that help these segments improve their expense management. #CreditProducts #FinancialSector #ExpenseManagement #FinancialTrends

Did you know that Gen Z aren’t the most frequent online shoppers? Interestingly, our Retail Retail Insights & Shopper Sentiment report debunks the widely held belief that Gen Z (born between 1996-2010) are the most frequent online shoppers. Instead, their older counterparts, Millennials (born between 1982-1995), outpace Gen Z in online shopping by almost 50%. These insights remind us that while educated guesses can go a long way, using data to back up (or dispel) assumptions is a must, particularly when creating strategies to appeal to new customers in 2024. Download the report for free: https://lnkd.in/e_-uC85n

Understanding the need to evolve payment experiences alongside millennials and Gen Z is central to our expansion strategy. We aim to support the ways consumers across generations wish to pay, ensuring that meeting their expectations translates into a convenient and smooth commerce experience.   #digitaltransformation #customerexperience #paymenttech

We surveyed 2,000 UK consumers and found that 4 out of 5 people believe delivery to a locker is kinder to the environment than delivery to a door.   This belief is also linked with age, whereby Gen Z and Millennials felt lockers present a greener solution more than any other age group.   For more consumer insights, download the full report here: https://lnkd.in/e83F9-cA   #eCommerce #onlineshopping #consumerinsights

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"

What consumer habits set Millennials and Gen Z apart? Discover how to maximise your in-store point-of-sale displays to appeal to generations that have grown up with the convenience of online shopping: https://buff.ly/3LlcrSS