Mobile payments are replacing cash and cards for younger consumers

Mobile payments - Person paying with mobile phone

A growing number of young people are turning to their phones to complete transactions. Young people are increasingly turning to mobile payments to make their purchases, as they use traditional transaction methods to a decreasing degree, said the result of new Marqeta data. The card issuing platform released the results of a recent survey of 4,000 customers across 3 continents. The Marqeta survey involved the participation of 4,000 respondents living on three continents. Of those respondents, 1,000 were from the United Kingdom. What the survey found was that most (61…

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