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Gen Z pushing new payment technologies

People are gradually moving away from plastic cards, as evidence by the fact that more and more payment cards are being tokenized into mobile phones. With this trend especially popular among youth, financial institutions are working to cater to the newest adult generation, which demands faster, more convenient services…a Netflix of banking. This demand is likely to lead to the increased development and popularity of new technologies such as FacePay technologies, voice recognition, retina, gait, ECG and typing features. In fact, all of the aforementioned technologies have already been introduced, at least in nascent forms. 

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