Type of Article: MacTech Blog

Younger folks more likely to give Apple Pay a try

While nearly half of all U.S. consumers believe nontraditional providers will drive innovation in the financial services industry, only 38 percent said they would consider a nontraditional provider for future financial services needs, according to a survey (www.theraddonreport.com) from Raddon Financial Group, a provider of financial industry research and trends data.

However, likelihood to use a nontraditional provider such as PayPal, Amazon, Apple or Google broke down sharply along generational lines, with younger consumers much more likely to consider doing so.

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