Over 8 in 10 Gen Zs are aware of the potential AI could have in transforming their banking and shopping experiences.
SINGAPORE: A recent Visa Consumer Payments Attitude study has reported on the growing interest in generative artificial intelligence among Gen Z and other consumers in Singapore.
Singaporeans across all age groups are embracing this trend, with nearly 60% expressing interest in using generative AI for various banking services. The study reveals that consumers are particularly keen on AI-driven applications that enhance fraud detection and respond efficiently to inquiries about banking products and solutions .
Adeline Kim, Visa Country Manager for Singapore and Brunei, emphasized the vast potential of this technology, stating, “There is immense potential in generative AI, where it is predicted that Gen AI brings US$320 billion worth of value to the banking industry.” In the retail sector, AI-powered shopping tools are already gaining traction. A quarter of consumers reported having used AI for online shopping, with Gen Z leading the adoption at 43%. This trend reflects the broader interest in using AI to improve shopping experiences, particularly for personalized product recommendations and finding better deals.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Over 1 in 4 Singaporean Gen Zs feel financially unprepared: UOB studyBaby boomers were found to be the most financially prepared when it came to having sufficient rainy-day savings
Read more »
Clip of ‘S’porean teacher’ smuggling 2 suitcases of cigarettes at Melbourne Airport trends 3 years after it airsQuestion: If she's really Singaporean, then where's her Singaporean accent?
Read more »
Singaporean teen Jitter with special ability of ‘hyper-focus’ among new X-Men comic book charactersSome say she is stereotypically Singaporean, while others welcome representation in Marvel's comics.
Read more »
Singaporean officials flying the Republic’s flag high at Paris OlympicsBesides the 23 Team Singapore athletes, at least 10 other Singaporeans are representing the Republic at Paris 2024.
Read more »
Nurse by day, community hero by night: How this Singaporean is saving lives round the clockSeeing someone revived and living a normal life again is "a very special moment" which Kevin Loh says he has no words for.
Read more »
Singaporean exposes fake accident motorcyclists’ scam at SG-JB Causeway with 360-degree camera footageScammers then “gang up and accused me of hitting their bike,” he shared his shocking experience in the video
Read more »