In a notable development responding to the evolving
investment habits of younger Australians, Contract for Difference broker Mitrade
has introduced Apple Pay and Google Pay as new payment options for its
Australian customers.
This move comes amid a pronounced shift in market
engagement as Gen Z traders increasingly target the volatile US markets over
traditional local exchanges.
The Rise of Mobile-First Trading
According to the company, adding Apple Pay
and Google Pay will enable users to quickly fund trades through methods aligned
with their fast-paced digital lifestyles.
Elven Jong, CEO of Mitrade Australia, emphasized the
importance of this integration. He noted that engaging with financial markets
provides young Australians with tools to enhance their economic understanding
and global awareness.
Yet, Jong pointed out that newcomers often encounter
hurdles such as delayed funding, declined payments, and outdated
infrastructure, which can discourage participation.
This strategic enhancement addresses accessibility
concerns and mirrors the growing trend of young investors demanding seamless,
immediate payment solutions in their trading activities.
Enhancing Security in a Connected World
Mitrade offers CFDs on indices, forex, commodities,
ETFs, and shares with market-competitive features. Its embrace of mobile
payments signals a fintech landscape increasingly oriented toward convenience,
inclusivity, and security for a new generation of traders.
This development is rooted in the broader Australian context, where digital wallet adoption, including Apple Pay and Google Pay, has surged and now accounts for a significant share of payment transactions
nationwide.
A recent
report from cryptocurrency exchange MEXC reveals that most
Generation Z crypto traders now depend on artificial intelligence (AI) tools to
make investment decisions.
The study,
analyzing data from over 780,000 users aged 18 to 27, shows that 67% of Gen Z
traders activated at least one AI-powered trading bot during the second quarter
of 2025.
Read more: AI Bots Now Power 67% of Gen Z Crypto Trades, Study Shows
This
adoption rate far exceeds that of older generations, with Gen Z users engaging
AI tools an average of 11.4 days per month—more than twice the frequency of
traders over 30. Gen Z accounts for 60% of all AI bot activations
on MEXC, highlighting their leading role in integrating AI technology into
crypto trading.
The data noted that AI’s influence extends beyond
automation, affecting the emotional side of trading. AI-powered bots assist in
minimizing impulsive selling, as panic sell-offs among AI users decrease by 47%
compared to manual traders during periods of market stress.
This article was written by Jared Kirui at www.financemagnates.com.
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