Millennial's Pay-and-Go Trend To Push These 5 Stocks Higher
Zacks Investment Research | Jan 21, 2020 09:02PM ET
Millennials, the 18 to 34 age band, are making face-to-face payments their regular habit, especially in the United States. This has benefited financial transaction services as explosive growth of technology has paved way into an era of digital payments.
Millennials are Backing Away From Cash
Millennials are in the forefront of digital payments, which is clearly visible from all types of e-commerce behaviors that this tech-savvy group prefers, which includes shopping, money transfers, and payment activities.
According to annual Digital Payments research, millennials are backing away from cash transactions and are attracted to innovations in the digital payments industry. In fact, development in the digital payments space has given Gen Yers options on how they want to pay for their day-to-day needs.
The most intriguing fact is, Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.