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Reasons for Fintech preference when making payments in the U.S. 2016, by generation

The statistic presents the reasons for Fintech preference when making payments in the United States in 2016, by generation. It was found that 56 percent of the Millennials preferred to make payments with financial technological companies rather than banks because it was convenient for their lifestyle.

Why do you prefer to do basic payment activities via financial technology company services vs. using similar services provided by your bank?

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Release date

January 2017


United States

Survey time period

November 30 to December 2, 2016

Age group

18 years and older

Special properties

among respondents who have a checking or savings account, have used payment services from a fintech company, and prefer fintech over bank services

Method of interview

Online survey

Supplementary notes

The source does not specify the number of respondents who answered this question. Total number of survey respondents: 1,809.

Multiple answers were possible.

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