A survey of young consumers in New Zealand by Visa has found that the majority would prefer to make payments using biometrics.
The Visa New Zealand Millennial Survey found that 62 per cent of respondents would prefer biometrics payments.
Biometrics are not only seen as secure, but also perceived the have the “cool factor”, Visa wrote in a statement.
“Emerging payment technology like biometrics remove potential pain points for customers. They don’t have to worry about forgetting or losing their cards or wallets, and just need to spend a brief time at the till without having to insert cards or remember a PIN,” said Marty Kerr, Visa Country Manager, New Zealand and South Pacific.
Other findings revealed that more than three quarters (78 per cent) say their smartphone is their favourite piece of technology that makes their life easier, with 83 per cent of females finding favour with smartphones more than males on 73 per cent.
Smartphones blitzed other forms of tech, with laptops (10 per cent), tablets (three per cent) and smartwatches (two per cent) falling well short in the eyes of millennials.