For Gen Z, Mobile Wallets Are In

For Gen Z, Bank Accounts and Cash Are Out, Mobile Wallets Are In

The use of bank accounts and cash is waning among younger customers. Gen Zs are embracing new tools like mobile wallets that store information from credit cards, debit cards, coupons, and loyalty cards.—computerworld.com

Venmo Expanding

While typically used to pay or request a payment from a friend, family member, or someone you know, more and more retailers are now offering customers the ability to pay in-store purchases simply using Venmo.—masslive.com

Answer the following questions to check your understanding of the story.

1) Are the cards and coupons stored in a mobile wallet money?

2) How does Venmo compare with cards and coupons stored in a mobile wallet?

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