Younger clients and higher income individuals are eager to open an account at a digital bank. Even as two in five overall respondents indicated that they would only consider doing so when the digital bank was popular and successful.

According to PwC's study on customer perceptions of digital banking, more than 70% of 18-39 year olds and around 70% of high-income customers indicated they were "very interested" or "interested" in opening a digital bank account.

In fact, customers who make at least $10,000 a month are twice as likely to be interested than those who make $2,500 or less.

This is because younger customers already conduct much of their daily lives via screens, making them a "natural fit for digital banks," while wealthier ones - those with more investable assets and who own a greater variety of financial products-seek better and easier ways to manage their money, according to the report.

However, it is unlikely that the digital banks replace existing banking relationships for most.

About 99% of customers will keep their existing bank account when opening a digital bank account, while 67% of these will continue to use their existing account as their primary account, according to the PwC study.

“This is an important point for digital banks, as customers are more likely to use their digital bank as a supplemental account rather than switch accounts,” the report says.

"Therefore, digital banks should initially look to displace secondary accounts rather than become the customer's choice of a primary bank."

Despite the interest shown by the younger and affluent segments, respondents remain wary of digital banks.

Digital banks also have to overcome the “trust” hurdle: a third of customers do not trust their data to digital banks.

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>70%
Percentage of 18-39 year olds who indicated they were "very interested" or "interested" in opening a digital bank account, according to PwC's study of digital banking customers. About 70% of high-income customers also indicated the same.

In addition, respondents indicated that human touch points were crucial for certain types of situations and transactions, such as emergencies, wealth management, mortgages, and insurance.

The main financial feature that customers want in the digital banking are better deposit and loan rates (49%), followed by quick and easy online customer service (42%) and a better mobile or digital experience (40%).

In this article come on to talk about the tariff crisis. The objective is to understand how that moment can affect the Mexican economy. In May, Trump has threatened to impose tariffs on products imported from Mexico.

If this does not stop the migration of the countries of the southern region. Rates would start at 5% and gradually increase each month up to 25%. In short, after the first term agreed with the ruler of the country of the northern region.

Mexico managed to bear the fruits expected by Trump and therefore the tariffs were ignored. However, if the export tariffs had been applied, the effects would have been disastrous on the Mexican economy.

Some reasons that caused the tariff crisis

Fitch withdraws the "interest level" to Pemex

At the same time that the US tax risk emerged, one of the rating agencies, Fitch, lowered Pemex's valuation to a grade that eliminates its "investment level." In other words, the risk of investing in this company is high because, according to the assessment of the rating agency, the company's situation increases the probability of default.

On its own, this event can be considered remote and without a significant impact on the Mexican economy. However, the close relationship of the state company with the public economies of the Mexican government is well known, and especially with the Obrador project.

Therefore, a reduction in the level of Pemex also causes situations. So rating agencies consider downgrading sovereignty.

Urzúa resignation

At the beginning of July, the unexpected news of Urzúa's resignation broke. The secretary of finance, to integrate the cabinet of López Obrador. Although it is not the first important resignation in the government, it is the first of a head of ministry.

GDP increase and the tariff crisis

The increase in GDP left a lot to be desired this year. On average, the Gross Domestic Product of the country had a performance of 0%; this is, at least, the economy is stagnant.

This situation does not bode well for the end of the year. And it causes great uncertainty for the coming year. Several institutions, in recent months, have reduced their growth forecastsfor the next twelve months.

Set of economic measures

During September, the AMLO administration presented its balance sheet project for the next fiscal year. Among other aspects, it was a milestone for the Mexican economy this year, as it highlighted the savings strategy that Obrador had been promoting.

There were important cuts in many agencies and a restructuring of spending in such a way as to concentrate their resources on the government's priority needs. It is also believed with the intention of alleviating the tariff crisis.

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Google Pay it is a digital wallet linked to your Google account. You can use it to send or request money from your friends (sort of like Venmo), use it in apps to pay for things, and use it in a store or restaurant with an Android phone, or see how Wear OS runs.

But perhaps the real reason to use Google Pay is that it's faster and more secure than using a physical credit or debit card. Replacing Android Pay and Google Wallet in 2018, Google Pay works without sending stores and restaurants their actual card numbers.

Basically, your credit and debit card information is stored securely on Google's servers, and instead of transmitting your card numbers, the app uses a token called a virtual account number as a substitute.

To begin with, I will explain how to configure Google Pay and how to use it on the Internet and in stores and restaurants. I'll also show you how to use it with your Gmail, as well as add loyalty memberships, transit passes, and gift cards. If you want to follow step by step, watch the video below.

Configuring the application
The first thing you should do is get the app Google Pay.

1. Download the app from the Play Store in order to be able to install it.

2. You have to open the Google Pay app and touch the button.

3. In the sequence, tap the Connect with Gmail button. A screen appears requesting authorization to allow Google Pay access to the location of your device.

4. Google Pay wants to know your location to alert you that you are in a store that accepts Google Pay or uses your loyalty cards. To use the location option, tap the blue lettered toggle button at the bottom of the screen.

5. At the bottom of the Google Pay app, there are four tabs: Front Page, Payment, Passes, and Send. Go to the Payments section and press the Add payment method button.

It can also be started from the Startup section. Go to the "Pay with your mobile in stores" tab and press the blue configuration button. If you already have a card registered in your Google account (perhaps for the Google Play store or another Google service), it will allow you to associate that credit or debit card with the Google Pay app on your mobile. A little creepy, but mostly very useful.

6. You also have the option to add a new card to your account. To do this, tap Add a new card and then hold your card in the camera window that appears. 7. After the camera captures your card information, check your card expiration date and CVC number.

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7. Once done, tap the Save button at the bottom of the screen. 8. Read the Terms of Service, and click the Accept and Continue button at the bottom.

8. The bank will then verify your card and you will receive a message that the lock screen will be used to Google Pay. Once you understand it, hit the blue “Got it” button at the bottom.

9. You will then be on the Verify your card screen. Choose where you want to receive the verification number. Depending on your card you can have it sent to your email or to your phone number. Once you have chosen, tap on the Continue button. When you receive the number, write it in the field of the Verification Number screen and press the Send button.