Trends revealed in the Hispanic Millennial Project show that Hispanic millennials ages 18 to 34 are embracing mobile payments technology, according to MediaPost.
According to reports, Hispanic millennials are more likely to use a mobile wallet compared to older generations.
Additionally, foreign-born Hispanic millennials are more interested in mobile payments than U.S.-born Hispanics, 63 percent to 43 percent, respectively. “This sets up a tremendous opportunity for mobile wallet services to “speak” to foreign-born Hispanic Millennials and convert them to customers,” MediaPost wrote on its website.
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