Preference for payment by smartwatch in the UK in 2023, by age and gender
market share of digital wallets in the UK nearly rivalled that of cash in 2021, although debit cards remained popular in POS payments.
Gen Z's preference to use smartwatches for payments in the United Kingdom was about twice as high as that of Millennials. This according to a survey held among consumers ages 18 to 75 - with "Gen Z" here being defined as the age group 18 to 24 years old. The source claims the use of smartwatches is "on the rise", and could threaten the future use of cash or credit cards. The