FirstRand-owned FNB says two key generational cohorts — Millennials and Generation X — are driving the adoption of digital or smart device payments and the use of virtual cards.

FNB’s analysis of alternative payment adoption trends among its customers shows that Millennials (the generation born between 1981 and 1996) and Generation X (those born between 1965 and 1980) account for the vast majority of digital and virtual card payments...

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