Digital payments: Brand trust, UI top concerns for Gen Z

Source: Thunes' Gen Z The Future of Spending for which a survery was conducted in 13 developed and emerging countries, including US, UK, Mexico, Brazil, India, Indonesia, Pakistan, Nigeria, Russia, Kenya, Vietnam, the Philippines, and Bangladesh.  

More from this source:

• Gen Zs are embracing new types of money management—62% of respondents stated they don't have a bank account—while mobile wallets are growing fast.
• Consequently, a range of digital payment options are preferred at check out, even when cash is an option. 
• Gen Zs currently spend nearly a fifth of their income on shopping for clothes and electronic goods.
• Brand and user experience top considerations when Gen Z considers payment options 
• Social media is being used widely In some countries—over 90% of Gen Zs say they
  now use social media on multiple occasions throughout the day— and these platforms heavily informing consumer preference and brand choice for this demographic.