Banking and Payments For Gen Z Infographic

Posted on June 25, 2020

Gen Z is the most interested in digital payment products and services of any generation. While adoption of mobile wallets has been relatively slow among the general population and P2P apps, like Venmo and Zelle, are just now gaining traction among older users, Gen Zers have already embraced the technology. More than half use digital wallets on a monthly basis and 3/4 use other digital payment apps or P2P apps.

2/3 of Gen Zers have a bank account but many don't yet use debit cards, haven't aged into credit cards or loans, and aren't responsible for the bulk of their own spending. As they mature there is a prime an opportunity for providers to engage these customers.

VoPay is a leader in payment innovation offering a single API that instantly connects businesses to global banking and payment networks with speed and transparency. Learn more here to meet the payment needs of Gen Z!

Related Posts

Never miss an insight

Get the latest Open Banking, Fintech & LendTech articles delivered straight to your inbox every month!

Sign Up for Our Newsletter

By entering information in any part of this form, I confirm that I have read and understood VoPay’s Terms of Service & Privacy Policy