Generation Z, whose older members are already entering the workforce, is using digital technology more than any other age group — including millennials. Gen Z’s preferred digital technologies include P2P and B2C digital payments, as opposed to more traditional payment methods. And further, one-third of the Gen Z consumers polled in the survey have never even used a paper check. This group sends and receives money digitally, uses digital apps to manage their budgets and financial accounts, and rarely steps foot inside a brick-and-mortar branch. Read the full story on PaymentsSource.
Global payments company, Visa, recently joined hands with four global finance firms to help fintechs in over a dozen Asia Pacific markets launch digital payment solutions. Moneycontrol.com
Visa has added Episode Six as a fintech partner in the card brand’s Fast Track Program in Asia Pacific. PaymentsSource
Visa is collaborating with four global finance firms to help FinTechs issue plastic and digital payments. Pymnts.com
Artificial intelligence (AI) is rapidly evolving across various parts of the banking and payments sectors, and digital consumers are reaping the benefits from institutions that apply this technology. Read the full story on PaymentsSource.