Microchip implants – the wallet of tomorrow?
Potential users
What is the target group for the implant? A 2021 survey conducted as part of the European Payments Landscape 2030 report found that 51% of consumers in Europe would consider having a payment microchip implanted in their hand if it met certain criteria, particularly around safety and privacy issues. The survey also revealed that the most positive reactions to the technology were from respondents between 18 and 24 years of age. This may lead to the conclusion that the new wave of contactless payments will be spearheaded by Generation Z, typically defined as people born from 1997 to 2012, who have grown up with access to the internet and portable digital technology from an early age - RedCompass Labs