4 Investment Thematics converging at once . . .
Cashless Consumer, Connected Society, Safety & Security and Aging of the Population — four of our investment thematics all converging into one trend . . . mobile payments. As popular and convenient as paying through the smart phone has become, there are still holdouts, and thus room for growth.
Generational demographics could be keeping smartphone payment technologies from gaining real traction. “One of the biggest complaints I see about mobile payments is from the older generation,” says Scott Vance, a financial advisor at Trisuli Financial Advising, in Cary, N.C. “Older Americans are still not comfortable with handing over information about their accounts to apps and computer programs. I have numerous clients that avoid any sort of mobile app. Instead, I work with them using paper and pen, in a totally old school manner.”
Source: What Americans Like and Don’t Like About Mobile Payments – TheStreet
