Surprising result from the most recent European survey on payment gateways shows that 51 percent of respondents would consider having a payment implant under the skin.
The report was released by Marqeta in partnership with Consult Hyperion following a series of workshops, paired with research by Propeller Insights of 2,037 consumers from across the UK.
Both the workshop and the survey were designed to gauge feelings about the types of payments individuals are embracing, which they want to see in the future and what worries they may have.
As you can see from the summary 51% of respondents would consider having a payment implant in the form of a microchip implanted into their hand to pay.
Those aged 18-24 are leading in the adoption of most of these payment methods. As these individuals mature over the next decade, they will be a crucial demographic for driving uptake of new and emerging payment technologies.
It was universally agreed in the workshops that sustainability will be a huge charter for payments in 2025 and onwards to 2030.
31% said they would be comfortable with AI making their decisions of which would be the most ethical way to pay.
From the report …“future consumers will have far greater visibility and control over what they buy to enable easier ethical purchasing. Blockchain technology could be used to establish the provenance of goods, recording where materials were sourced and so on. An individual’s smart wallet could then interact with the blockchain and cross reference this data against its user’s profile. If the supplier ticks enough, or all of the boxes, then the smart wallet could process the payment. If not, then it could flag it to the consumer, asking them if they want to go ahead with the purchase. In this way, consumers with values around sustainability can be sure that they are always choosing the most sustainable products, from the most sustainable brands”.
