They are young. They are mobile. And they are triggering arevolution that will remake the payments landscape.
That's the takeaway from a new study by Cincinnati-basedpayments processing company Vantiv, which called the report“Mobile Payments and the Consumer of the Future.”
According to Vantiv, consumers 18-34 years of age are“increasingly mobile.” 56% own a smartphone, 27% own atablet, and among Gen Y consumers, smartphone and tablet ownershiplevels are 78% and 34% respectively. Many own multiple mobiledevices.
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