Fintech PR
Half of Gen Z and Millennial Canadians are more concerned about managing their finances amid COVID-19
Anxiety about money and personal finances is running high among young Canadians during the COVID-19 pandemic, according to a recent survey from Interac Corp. With over half of Gen Z adults and Millennials (53 per cent) reporting to be more concerned about managing their finances than ever before, these generations are using digital payments to track their spending and say paying with debit helps them feel in control.
“The adoption of digital payments has accelerated over the course of the pandemic for reasons beyond convenience alone,” said William Keliehor, Chief Commercial Officer, Interac Corp. “In fact, our research reveals that younger Canadians value digital payments for the insight they provide into their spending habits and are turning to debit payments as a money management tool.”
According to the survey, young Canadians’ fears of overextending themselves financially are heightened (50 per cent of Millennials; 47 per cent of Gen Z adults), as compared to Baby Boomers (31 per cent) and the Silent Generation (36 per cent). In this context, staying within budget is a key focus, and half of Millennials and Gen Z adults (50 per cent) are using digital payments to keep track of their spending in real time.
This mindset is reflected in the way young Canadians are using the Interac e-Transfer® service to split bills, share costs and keep a record of their spending. For example, nearly six in ten Gen Z adults (57 per cent) and half of Millennials (50 per cent) have relied on the service during the pandemic to receive money or pay others back for everyday errands such as grocery shopping. This has contributed to a 55 per cent growth in overall Interac e-Transfer transactions between April-August 2020, in comparison to the same period last year. A total of over 66 million Interac e-Transfer transactions took place in August 2020 alone1.
The broader role of debit in personal financial management is apparent. Seven in 10 Millennials (72 per cent) and nearly two thirds of Gen Z adults (65 per cent) believe that Canadians should have the option to use debit no matter if they are checking out online, making an in-app purchase or paying in store. These generational cohorts report that using debit makes them less likely to buy something they don’t need (52 per cent of Millennials; 57 per cent of Gen Z adults) and allows them to feel in control of their money (56 per cent; 48 per cent respectively). In turn, 67 per cent of Millennials and 59 per cent of Gen Z adults say being in control of their spending lets them feel more optimistic for their financial future.
“The research findings speak to the positive role that digital payments can play in giving Canadians a sense of everyday financial control at a time of great uncertainty. As the fintech community continues to innovate, it’s critical that ability for Canadians to use their own money remain a priority,” added Keliehor.
Other key findings from the survey include:
- More than six in 10 Millennials (64 per cent) and almost six in 10 Gen Z adults (58 per cent) increased the frequency of their use of digital payments during the pandemic
- Almost half of Canadians (46 per cent) say their use of the Interac e-Transfer platform has increased during the pandemic. Currently, five in 10 (52 per cent) are using the Interac e-Transfer service at least twice a month, versus nearly four in 10 (39 per cent) prior to the pandemic
- Over half of Millennials (58 per cent) and Gen Z adults (54 per cent) are spending more on essentials but less on discretionary purchases than they did pre-pandemic
- Half of Millennials (53 per cent) say the pandemic has made them more cautious about going into debt
- Looking to the future, six in 10 Gen Z adults (62 per cent) want to take more control over their spending post-pandemic, while 63 per cent of Millennials intend to make their finances more resilient in case another crisis occurs
Use of Interac products during the COVID-19 pandemic
- Usership of the Interac e-Transfer service is at an all-time high, with the number of monthly senders growing by 18 per cent and recipients growing by 16 per cent since February 2020.
- 325 million Interac e-Transfer transactions took place between April-August 2020, increasing from 210 million in the same period in 2019
- In addition to using the service to share costs for everyday errands, the survey shows Canadians are turning to the Interac e-Transfer platform to send money to friends or family members in need during the pandemic (33 per cent), and to pay for purchases in online marketplaces (24 per cent)
- Increasingly, businesses are also using the platform to accept payments for services and pay their bills. For example, 21 per cent more businesses were receiving Interac e-Transfer transactions in August, than in February 2020.
- Meanwhile, payment transaction records show that after an initial dip in spending in mid-March, Interac Debit use has increased by 66 per cent in August as compared to April 2020. Interac Flash (contactless debit) transactions have increased by 74 per cent in the same period. For example, Interac Flash transactions are up 85 per cent in restaurants and other eating places including fast food outlets, and 44 per cent in grocery stores and supermarkets within this period.
STOCKHOLM, April 5, 2024 /PRNewswire/ — EQT AB’s Q1 Announcement 2024 will be published on Thursday 18 April 2024 at approximately 07:30 CEST. EQT will host a conference call at 08:30 CEST to present the report, followed by a Q&A session.
The presentation and a video link for the webcast will be available here from the time of the publication of the Q1 Announcement.
To participate by phone and ask questions during the Q&A, please register here in advance. Upon registration, you will receive your personal dial-in details.
The webcast can be followed live here and a recording will be available afterwards.
Information on EQT AB’s financial reporting
The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.
The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group’s development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq’s guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.
Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Shareholder Relations, [email protected]
Rickard Buch, Head of Corporate Communications, +46 72 989 09 11
EQT Press Office, [email protected], +46 8 506 55 334
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/eqt/r/invitation-to-presentation-of-eqt-ab-s-q1-announcement-2024,c3956826
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Invitation to presentation of EQT AB’s Q1 Announcement 2024 |
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- Kia drives forward transformation into ‘Sustainable Mobility Solutions Provider’
- Roadmap enables Kia to proactively respond to uncertainties in mobility industry landscape, including changes in EV market
- Company to expand EV line-up with more models; enhance HEV line-up to manage fluctuation in EV demand
- Goal to sell 1.6 million EVs annually in 2030, introducing 15 models
- PBV to play a key role in Kia’s growth, targeting 250,000 PBV sales annually by 2030 with PV5 and PV7 models
- Kia to invest KRW 38 trillion by 2028, including KRW 15 trillion for future business
- 2024 business guidance : KRW 101 tln in revenue with KRW 12 tln in operating profit; operating profit margin of 11.9% on sales of 3.2 million units globally
- CEO reaffirms Kia’s commitment to ESG management
SEOUL, South Korea, April 5, 2024 /PRNewswire/ — Kia Corporation (Kia) today shared an update on its future strategies and financial targets at its CEO Investor Day in Seoul, Korea.
Based on its innovative achievements in the years since the announcement of mid-to-long-term business initiatives, Kia is focusing on updating its 2030 strategy announced last year and further strengthening its business strategy in response to uncertainties across the global mobility industry landscape.
During the event, Kia updated its mid-to-long-term business strategy with a focus on electrification, and its PBV business. Kia reiterated its 2030 annual sales target of 4.3 million units, including 1.6 million units of electric vehicles (EVs). The 2030 4.3 million annual sales target is 34.4 percent higher than the brand’s 2024 annual goal of 3.2 million units.
The company also plans to become a leading EV brand by selling a higher percentage of electrified models among its total sales, including hybrid electric vehicles (HEV), plug-in hybrid (PHEV), and battery EVs, projecting electrified model sales of 2.48 million units annually or 58 percent of Kia’s total sales in 2030.
“Following our successful brand relaunch in 2021, Kia is enhancing its global business strategy to further the establishment of an innovative EV line-up and accelerate the company’s transition to a sustainable mobility solutions provider,” said Ho Sung Song, President and CEO of Kia. “By responding effectively to changes in the mobility market and efficiently implementing mid-to-long-term strategies, Kia is strengthening its brand commitment to the wellbeing of customers, communities, the global society, and the environment.”
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VANCOUVER, BC, April 4, 2024 /PRNewswire/ — BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) (OTCQB: BVAXF) (the “Company“) is providing this bi-weekly update on the status of the management cease trade order granted on February 29, 2024 (the “MCTO“), by its principal regulator, the Ontario Securities Commission (the “OSC“), under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203“), following the Company’s announcement on February 21, 2024 (the “Default Announcement“), that it was unable to file its audited annual financial statements for the year ended October 31, 2023, its management’s discussion and analysis of financial statements for the year ended October 31, 2023, its annual information form for the year ended October 31, 2023, and related filings (collectively, the “Required Annual Filings“). Under National Instrument 51-102, the Required Annual Filings were required to be made no later than February 28, 2024.
As a result of the delay in filing the Required Annual Filings, the Company was unable to file its interim financial statements for the three months ended January 31, 2024, its management’s discussion and analysis of financial statements for the three months ended January 31, 2024, and related filings (collectively, the “Required Interim Filings“). Under National Instrument 51-102, the Required Interim Filings were required to be made no later than April 1, 2024.
The Company anticipates filing the Required Annual Filings by April 30, 2024. The auditor of the Company requires additional time to complete its audit of the Company, including the Company’s recent acquisition of all intellectual property, immunotherapeutics platform technologies, and clinical stage assets of the former IMV Inc. that closed on February 16, 2024. In addition, the Company anticipates filing the Required Interim Filings immediately after the filing of the Required Annual Filings.
Except as herein disclosed, there are no material changes to the information contained in the Default Announcement. In addition, (i) the Company is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and issue bi-weekly default status reports for so long as the delay in filing the Required Annual Filings and/or Required Interim Filings is continuing, each of which will be issued in the form of a press release; (ii) the Company does not have any information at this time regarding any anticipated specified default subsequent to the default in filing the Required Annual Filings and Required Interim Filings; (iii) the Company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.
About BioVaxys Technology Corp.
BioVaxys Technology Corp. (www.biovaxys.com), a biopharmaceuticals company registered in British Columbia, Canada, is a clinical-stage biopharmaceutical company dedicated to improving patient lives with novel immunotherapies based on the DPX™ immune-educating technology platform and it’s HapTenix© ‘neoantigen’ tumor cell construct platform, for treating cancers, infectious disease, antigen desensitization, and other immunological fields. The Company’s clinical stage pipeline includes maveropepimut-S which is in Phase II clinical development for advanced Relapsed-Refractory Diffuse Large B Cell Lymphoma (DLBCL) and platinum resistant ovarian cancer, and BVX-0918, a personalized immunotherapeutic vaccine using it proprietary HapTenix© ‘neoantigen’ tumor cell construct platform which is soon to enter Phase I in Spain for treating refractive late-stage ovarian cancer. The Company is also capitalizing on its tumor immunology know-how and creation of a unique library of T-lymphocytes & other datasets post-vaccination with its personalized immunotherapeutic vaccines to utilize predictive algorithms and other technologies to identify new targetable tumor antigens. BioVaxys common shares are listed on the CSE under the stock symbol “BIOV” and trade on the Frankfurt Bourse (FRA: 5LB) and in the US (OTCQB: BVAXF). For more information, visit www.biovaxys.com and connect with us on X and LinkedIn.
ON BEHALF OF THE BOARD
Signed “James Passin“
James Passin, Chief Executive Officer
Phone: +1 646 452 7054
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