New Fintech Technology So Far Has Failed To Crush Cash, International Survey Finds

By Jim Daly

Israelis are much more likely to use mobile-banking apps and mobile wallets than Americans, but at least Americans are less inclined to use cash than Germans, according to a recent international survey of consumer usage of financial technology.

The May survey of 5,860 adults in the United States, United Kingdom, Germany, France, and Israel found that 50% of Israeli adults were likely to use a mobile-banking app at least once a month for such functions as checking balances, making deposits, or transferring funds. That compares with 38% of adults in the U.S., 37% in the U.K., 35% in France, and only 28% in Germany.

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