The preference of Irish Gen Z to use smartwatches for payments over other options available to them was higher than that of all older age groups combined. 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 market share of digital wallets in Ireland tripled between between 2020 and 2021, although they are used far less in POS transactions than cards or cash money.
Share of respondents in Ireland who prefer to pay with a smartwatch over cash, card, mobile phone, or biometric payment method in the 2nd quarter and 3rd quarter of 2022
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Q2 2022
Q3 2022
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Physical means of payment consumers prefer to pay with if all payment methods were available
Supplementary notes
The source adds a total of 14,114 consumers were surveyed and this includes both Klarna users and users who did not use Klarna. It also adds that sample sizes were nationally representative.
The source does not specify the survey method used.
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Klarna. (October 1, 2022). Share of respondents in Ireland who prefer to pay with a smartwatch over cash, card, mobile phone, or biometric payment method in the 2nd quarter and 3rd quarter of 2022 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1333874/smartwatch-payment-preferences-in-ireland/
Klarna. "Share of respondents in Ireland who prefer to pay with a smartwatch over cash, card, mobile phone, or biometric payment method in the 2nd quarter and 3rd quarter of 2022." Chart. October 1, 2022. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1333874/smartwatch-payment-preferences-in-ireland/
Klarna. (2022). Share of respondents in Ireland who prefer to pay with a smartwatch over cash, card, mobile phone, or biometric payment method in the 2nd quarter and 3rd quarter of 2022. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1333874/smartwatch-payment-preferences-in-ireland/
Klarna. "Share of Respondents in Ireland Who Prefer to Pay with a Smartwatch over Cash, Card, Mobile Phone, or Biometric Payment Method in The 2nd Quarter and 3rd Quarter of 2022." Statista, Statista Inc., 1 Oct 2022, https://www.statista.com/statistics/1333874/smartwatch-payment-preferences-in-ireland/
Klarna, Share of respondents in Ireland who prefer to pay with a smartwatch over cash, card, mobile phone, or biometric payment method in the 2nd quarter and 3rd quarter of 2022 Statista, https://www.statista.com/statistics/1333874/smartwatch-payment-preferences-in-ireland/ (last visited July 22, 2024)
Share of respondents in Ireland who prefer to pay with a smartwatch over cash, card, mobile phone, or biometric payment method in the 2nd quarter and 3rd quarter of 2022 [Graph], Klarna, October 1, 2022. [Online]. Available: https://www.statista.com/statistics/1333874/smartwatch-payment-preferences-in-ireland/
