Gen Z wants more from digital wallets. According to research from PYMNTS, 79% of Gen Z use digital wallets, more than any other generation—and are oppositely less likely to depend on credit cards. High use of digital wallets is largely driven by online purchases, where services like PayPal thrive over traditional cards. But younger consumers especially are interested in using services like Google Wallet for more than simple purchases, with other top interests being paying monthly bills, transferring money, and even investing in stocks. (Tearsheet)
📊 YPulse data: PayPal is the top peer-to-peer payment service 13-39-year-olds use
