Tagged: younger consumers

August 14, 2023 @ 1:50 pm By Omar Faridi  |  

At the mid-point of 2023, Gen Z consumers (born between 1995 and 2005) increasingly find themselves with new access to credit products. The newly released Q2 2023 Quarterly Credit Industry Insights Report (CIIR) from TransUnion (NYSE: TRU) shows “that relative to the consumer population as… Read More

May 24, 2023 @ 11:47 pm By Omar Faridi  |  

Venmo introduced the Venmo Teen Account, providing parents and legal guardians the ability to open a Venmo account for their teenagers between the ages of 13 to 17-years-old so they can send and receive money. The Venmo Teen Account also “comes with a Venmo Teen… Read More

May 22, 2023 @ 12:22 pm By Omar Faridi  |  

Modak, a fintech company for teens and families in the US, has partnered with digital identity company Yoti to “enhance safety features for teens on its platform.” Since launching in December 2022, 25,000 teens “have signed up for Modak using Yoti’s facial age estimation technology.”… Read More

December 25, 2022 @ 9:37 pm By Omar Faridi  |  

Greenlight Financial Technology, Inc., the fintech company on a mission to help parents raise financially-smart, independent kids, announced Greenlight for Classrooms, a new web-based financial literacy library “designed for teachers, aligned with the K-12 national standards.” Starting in 2023, the product will be “available for… Read More

November 30, 2022 @ 10:17 pm By Omar Faridi  |  

Visa (NYSE: V) announced a seven-year global partnership with GoHenry, the prepaid card and financial education app for 6-to 18-year-olds. Visa will “provide support as the exclusive global network partner for GoHenry’s prepaid cards for kids and teens in the US, UK, and Europe.” GoHenry… Read More

November 14, 2022 @ 8:10 pm By Omar Faridi  |  

Nubank (NYSE: NU) announced to all its eligible customers the possibility of “opening an account with a debit card for those under 18 years of age.” The novelty, which passed through an initial phase of testing which started in June and has already “registered a… Read More