The Kids Are Ditching Their Physical Wallets in Favor of Mobile Payments
Young people are increasingly favoring mobile payment apps over traditional payment methods. Marqeta surveyed 4,000 consumers across three continents, including 1,000 UK respondents, and found 61% feel confident enough with contactless payments to leave their wallet at home and just take their phone, a figure that rises to over three quarters for UK Gen Z respondents. Almost all (96%) UK consumers surveyed have used contactless in the last year. What’s more, 42% of UK respondents say it’s been so long since they used anything except contactless, they can’t even remember their PIN anymore, a figure that rises to 54% for those aged under 24. [Tech Radar]
Young adults are quickly replacing their physical wallets with digital payments
How to Get Free Amazon Money Ahead of Prime Day with Amazon’s Gift Card Deal
Amazon Prime Day 2022 is slated for July, but one of the best Amazon deals is already live. Right now, through Friday, June 24, if you are a first-time Amazon gift-card buyer and spend $50 on Amazon gift cards, you’ll get a free $10 Amazon promotional credit with code USEGC222 at checkout. Then, if you reload the gift card with $100 or more, you can score another $10. [ET Online]
Biometric Remote Mobile Payments to Be Worth $1.2 Trillion Globally by 2027
Total transaction values for remote mobile payments authorized using biometric authentication technologies…
