Preference for payment by smartwatch in the U.S. in 2023, by age and gender
The market share of digital wallets in the U.S. did increase between 2017 and 2021, although cards remained a more popular payment method in stores or restaurants.
Gen Z's preference to use smartwatches for payments in the United States was significantly higher than that of Millennials. 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.