Young Irish people want to ditch their cash and cards and pay for things using Google, Facebook and Apple instead.
Over half of us expect Ireland to become cashless in future, while three-quarters of those under 22 say they trust tech brands such as Facebook, Google and Apple to provide payment and financial services.
The study from Core Media also shows that almost half of those under 35 have used new payment methods such as Android Pay on smartphones.
Mobile payments and other ‘peer to peer’ transactions are likely to lead the charge, according to the survey.
It comes just weeks after Google introduced its Android Pay smartphone payment system in Ireland.
Those with Samsung, Sony and other Android phones can pay for things in stores by swiping their phones against the shop’s existing payment equipment.
The system works anywhere that accepts MasterCard or Visa contactless debit and credit cards that are issued by AIB or KBC.
Apple is thought to be preparing the introduction of Apple Pay into the Irish market, while Samsung Pay may extend a planned UK launch to Ireland in 2017.
Article Source: http://tinyurl.com/kbwqb42
