Preference for payment by smartwatch in Finland in 2023, by age and gender
market share of digital wallets in Finland nearly doubled between 2019 and 2021. Cash, however, was used more often in POS transactions in 2021, and both the market shares of credit cards and, especially, debit cards was significantly higher than that of digital wallets.
Gen Z in Finland displayed a relatively high interest in using smartwatches for payments instead of other options. This according to a survey held among consumers ages 18 to 75 - with "Gen Z" here being defined as the age group 18 to 24 years old. The source claims the use of smartwatches is "on the rise", and could threaten the future use of cash or credit cards. The