Indonesian youth are increasingly adopting more frugal lifestyles. According to a recent report by the IDN Research Institute, 49% of millennials (those aged between 28 and 43) and 56% of Gen Z (those aged between 12 and 27) in the country have become more cost-conscious. Startups relying on direct-to-consumer business models could face challenges, as they often target millennials and Gen Z due to their market size. Together, these demographics make up around half of Indonesia’s population.What can D2C startups do to retain these customers?. Growing economic pressures

SAN FRANCISCO, NOVEMBER 14, 2024 - Modern Treasury, the leading payment operations platform built for the Instant Economy, today announced the appointment of Paul Auvil as a new independent board member.

Modern Treasury has expanded instant payments support for mutual clients of six top banks. “Money is moving swiftly toward a real-time future, and seeing customers use Modern Treasury to enable instant payments with some of the largest banks in the U.S. is a testament to the accelerating adoption of these exciting new payment rails,” Modern Treasury Co-founder and CTO Sam Aarons said in a news release Wednesday (Aug. 14). “By making instant payments easier to access for our customers, we’re helping them deliver better customer experiences while enabling real-time insight into cash flow.”