The digitization of payment methods has caused a drop in the use of cash and cheques
According to the research, 1 in 5 French citizens have already used their smartphone to make a contactless payment, while 1 in 10 do so regularly.
People from 25 to 34 years old are particularly keen as 31% have already used this payment method. At the same time, the over-65s group has contributed the most with 82% of them using contactless payments.
The report also states that contactless card payments have grown by 76% over 18 months.
Meanwhile, 65% of internet-only or mobile bank customers are ready to make it their main account as the appeal of digital banks has significantly increased.
We’ve reported that individuals can buy stolen PayPal account details for at least $200 on the darknet.