Majority of young people think bank cards can retire now

According to the latest K&H youth index survey, in Q2 2024 72% of 19-29 year olds thought paying with their smartphone or smart watch was just as secure as a regular – physical – bank card payment. Compared to two years ago, more people think that bank cards are safer than cards issued by fintech companies. The majority of young people see the digital revolution as the impending retirement of bank cards. 69% of those surveyed believe that mobile devices will take over the role of bank cards for payments in a few years. //

This article is available for reading in Trade magazin 2024/8-9