Summary
Americans ages 18 to 24 are twice as likely to make a mobile payment, a GfK study finds
The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Please review our list of best credit cards, or use our CardMatch™ tool to find cards matched to your needs.
Your credit cards journey is officially underway.
Keep an eye on your inbox—we’ll be sending over your first message soon.
That’s no surprise really. Generation Z, sometimes called the smartphone generation, lives on their phones. For Gen Z, mobile payments are becoming a part of everyday life.
Of Gen Z consumers surveyed, 53 percent said they had made a mobile payment in the past six months. For baby boomers (ages 50 to 68), the percentage is 14 percent, nearly four times less than the Gen Z rate.
Interestingly, when Gen Z consumers were asked if they feel their “mobile device payments are 100 percent secure,” Gen Z (33 percent) lagged just behind Gen Y (36 percent). Both groups, though, are more comfortable with mobile payment security than boomers (10 percent) or Gen X (24 percent).
GfK conducted its 2015 FutureBuy research in 25 countries, with roughly 1,000 respondents per country. The mobile payments research was released in February 2016.
See related: Millennials most likely to fall prey to online and phone fraud, more infographics
To use the graphic on your site, use the following code:
<center><a href=”https://www.creditcards.com/credit-card-news/infographic-gen-z-mobile-payments/”><img alt=”Infographic: Gen Z leads in use of mobile payments” border=”0″ src=”https://www.creditcards.com/credit-card-news/images/gen-z-mobile-payments.jpg” /></a> </center>
Editorial Disclaimer
The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars. It has not been provided or commissioned by the credit card issuers. However, we may receive compensation when you click on links to products from our partners.
