TLDR Tech / Marketing
Swipe or Tap? How Age Shapes the Adoption of New Technologies
Age explains nearly 40% of the variation in mobile payment adoption, far exceeding wealth at 7% and occupation at 5%. Usage declines steadily with each decade of age, not just between the youngest and oldest groups. Businesses reflect this pattern, with merchants in younger areas adopting mobile payment terminals about 20% more often than those in older areas. As the global population over 60 is projected to reach 22% by 2050, aging societies may struggle to achieve the network scale needed for digital technologies to deliver full value.
Read the full story