MORE CHECKOUT CHOICE DEMANDED BY GEN Z.

 
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Generation Z consumers--those 16 to 24 years old--are causing a generation divide when it comes to online payment preferences, suggests research commissioned by Paysafe, which found that Gen Z consumers are much more likely than other generations to embrace a wider range of alternative payment methods.

Forty percent of Gen Z have some experience of in-app payments and 15% make them regularly--significantly higher than all other consumers (27% and nine percent). Thirty-four percent of Gen Z have used a mobile wallet (vs. 26% of other consumers) and 14% (vs. 10%) regularly make payments with one. Additionally, one-quarter of Gen Z regularly or occasionally use prepaid pins and 29% have made online purchases using a cash-based system (vs. 17% and 24% of all other consumers).

The research also reveals that 47% of Gen Z buy goods on their mobile more often than any other platform--the same...

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