Preference for payment by smartwatch in Germany in 2023, by age and gender
The market share of digital wallets in the country did increase in 2020 - the first year of the coronavirus pandemic - but declined significantly in 2021.
Roughly one out of 10 Gen Z respondents in Germany preferred to use smartwatches for payments over other options available to them. This according to a survey held among consumers ages 18 to 75 - with "Gen Z" here being defined as the age group 18 to 24 years old. The source claims the use of smartwatches is "on the rise", and could threaten the future use of cash or credit cards. It is unclear whether this holds true for Germany: