“Cash only” is 7%! What is the actual situation of cashless payment usage among people in their 60s and 70s?
Alphanote Co., Ltd. Press release: September 27, 2024 “Cash only” is 7%! What is the actual situation of cashless payment usage among people in their 60s and 70s? We conducted a survey of men and women in their 60s and 70s nationwide.
https://prcdn.freetls.fastly.net/release_image/41697/57/41697-57-85542c8c6f3d1bcafefb9586d6b40baf-1920×1280.jpg
https://media.alpha-note.co.jp/download/020005-2/ 7% for everyday shopping “cash only”
https://prcdn.freetls.fastly.net/release_image/41697/57/41697-57-38e086f5a82f2d3414041718794d72c1-1500×740.png N=500 When asked about their payment methods in daily life, the highest percentage of users (44%) selected “I sometimes pay in cash, but I mostly use cashless payments.” 18% of users said they “pay for almost everything with cashless payments,” and it was found that approximately 60% of users use cashless payments more than cash. On the other hand, only 17% of users chose “Cashless payment is available, but I mostly pay by cash,” and 7% chose “Cash only.” It can be seen that the proportion of seniors using cashless payments is higher than that of young people. 57% mainly use credit card payment
https://prcdn.freetls.fastly.net/release_image/41697/57/41697-57-a45d60fd0a211b3cb1a5f11c3adf99c8-1500×740.png N=467 Regarding cashless payment, which is the main method used, “credit card payment” was the most popular method at 57%, accounting for more than half of the respondents. The runner-up was “QR code payment” at 26%, followed by “electronic money payment” at 13%. According to a research report by JCB, the ownership rate of credit cards tends to increase with age, with 74.2% of men in their 20s owning a credit card, while 94% of men in their 60s own a credit card. Climb up. It can be inferred that there is a correlation between this high ownership rate and high usage rate. Reference: Comprehensive survey on credit cards 2022 edition/JCB Corporation Download all survey data We also have usage survey data for QR code payments, electronic money payments, and cash payments. 68% say “supermarkets” are places where cashless payments are used
https://prcdn.freetls.fastly.net/release_image/41697/57/41697-57-eb759c8bf174cda56935429b5469f595-1500×1280.png n=467 Regarding the places where cashless payments are often used, “supermarkets” were the most popular at 68%, followed by “drug stores” at 40%, and “convenience stores” at 31%. Many users use cashless payments for everyday purchases. Other responses included “mail order and online shopping.” Download all survey data The survey results are summarized using a total of eight graph data. Finally We introduced an awareness survey on the actual usage of cashless payments targeting people in their 60s and 70s. This survey revealed that users in their 60s and older also use cashless payments in their daily lives and actively use points. Credit card payments are the main payment method, but with the spread of smartphones among seniors, the number of users using QR code payments and electronic money payments seems to be increasing. ＜Survey overview＞ Survey name: Awareness survey regarding the use of cashless payments among seniors Research method: Internet survey Survey period: September 3rd to September 5th, 2024 Valid responses: 500 men and women in their 60s and 70s nationwide ■Request for reprinting/quoting If you wish to use the contents of this survey for purposes such as reprinting or quoting, please comply with the following. ・Clearly state that the reprint/quote source is “Alphanote Co., Ltd.” ・Relevant article page ( Link installation to
https://media.alpha-note.co.jp/020005/) ■About Alphanote Co., Ltd. Head office location: 12th floor, Sumitomo Fudosan Shinjuku Oak Tower, 6-8-1 Nishi-Shinjuku, Shinjuku-ku, Tokyo 163-6012 Representative Director and President: Kazuyuki Kawabata Established: July 2004 Capital: 100 million yen Business details: Credit card payment agency/Provision of other payment services/Related consulting services URL: https://www.alpha-note.co.jp/