Gen Z drives rise of prepaid cards, bill-splitting apps in Asia

Shifting priorities a boon to new services but a challenge for traditional banks

20230829N Wowpass

Wowpass prepaid cards offer travelers to South Korea many of the conveniences of a credit card without all the risks. (Photo courtesy of Orange Square)

MISAKI MORIKAWA, Nikkei staff writer

TOKYO -- From reservations about credit cards to discomfort over owing cash to others, Generation Z's attitudes about money are helping a variety of new financial services take off in Asia.

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