Cash used to be king, but mobile wallets could be next to take the throne. Results from the fifth annual State of Payments Report by Marqeta, say more than half of U.S. consumers surveyed have at least one card in their mobile wallet. And 53% of them leave their physical wallets at home, leaving them with only a mobile pay option for buying. That rises to 67% for Gen Z, those 18 to 25.
More Mobile Wallet Use At Work
What does this mean in the company break room? If you want to have effective benefits, your service provider needs to take cashless payments. Whether it’s on a Tallahassee vending machine for a quick cold drink or at the self-checkout kiosk of a Tallahassee micro market, cards and mobile payments are a must. We know that your team needs fast access to food and so that’s why The Quality Companies accepts cashless payments at our client locations. Here’s what else that report said and how it can impact how you offer refreshments to your team.
Please know we aren’t supporting nor negating the data, merely sharing the results and how they could impact the future of convenience services.
Paying With Cash is Awkward
More than a fourth of the survey responders said they feel awkward paying with cash. For those ages 18 to 34, that number goes up to 49%. Another interesting fact is that nearly one-third of responders use less cash now than they did 12 months ago. That shows a clear move towards digital payments. This is important to remember when considering a cafeteria or Tallahassee snack station with healthy products. To use it, employees feel more comfortable with non-cash options meaning the best solutions offer flexible payments.
Unconcerned About Cashless Society
Based on the report, most Americans aren’t worried about a cashless society. It stated that 71% were neutral or did not have any worries about moving to a world where we pay mostly without cash.
The Mobile Wallet is a Trend to Watch
While The Quality Companies doesn’t hold any views on the popularity of cashless, we recognize it as a growing trend. The report shows that your Tallahassee employees are thinking about it, want to use it, and may not feel comfortable paying with cash. Most of them also don’t worry about the implications of this leading to a cashless society.
Prepare for this future with break room services that take a mobile wallet or credit card such as the latest snack vending machines. These are a vital part of being a current and useful service to staff. Contact The Quality Companies at 850-576-4880 to find out more.