Two thirds of 18- to 25-year-olds in the UK (64%) are using a mobile wallet, while only 14% have “no interest” in doing so, research released by social money transfer app Moneymailme reveals. “PayPal seems to remain one of the most frequently used online payment services among 18- to 25-year-olds (52%), while newer entrants to the market like Apple Pay (18%) and Google Wallet (9%) are starting to gain market share,” the company says. Meanwhile, 48% believe cash will become obsolete within 20 years.
- Contactless to account for more than one in two POS transactions globally by 2022
- Face ID described as iPhone 8’s ‘crown jewel’, unlocking device in ‘a few hundred milliseconds’
- From the high street to the handset: How banks can stay connected to consumers in the smartphone era
- British Airways owner IAG launches mobile pay on new airline Level
- Heat become first NBA team with mobile-only entry