Survey: Millennials, men receptive to mobile payment

ALLENTOWN, Pa. — Mobile payment is growing, and millennials and men may be leading the way. According to a recent survey of 1,000 U.S. adults by Harbortouch examining the current state of mobile payment adoption shows that millennials were the highest percentage of mobile payment users, with nearly 42% falling into that demographic.

 

In addition, men are twice as likely to use some form of mobile payment compared to women. Of those surveyed who aren't currently using mobile payments, 20% blame payment-related issues.

 

And out of seven categories, including entertainment and retail, one-in-four people chose the restaurant industry as the most likely to widely adopt mobile payments in the near future.