Australia's CFD Broker Mitrade Adds Apple Pay and Google Pay to Appeal to Gen Z Traders

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Yet, Jong pointed out that newcomers often encounter hurdles such as delayed funding, declined payments, and outdated infrastructure, which can discourage participation.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 Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term, 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 Automation Automation is defined as the procedure of making an apparatus, a process, or a system to operate by mechanical or electronic devices that replace human labor. Additionally, automation is also sometimes referred to as mechanization or robotization. For example, employees have many costly needs, including government regulations. However, robotic workers don’t need much other than some routine maintenance and the occasional bug fix for an equipment malfunction or software bug. There is no overtime Automation is defined as the procedure of making an apparatus, a process, or a system to operate by mechanical or electronic devices that replace human labor. Additionally, automation is also sometimes referred to as mechanization or robotization. For example, employees have many costly needs, including government regulations. However, robotic workers don’t need much other than some routine maintenance and the occasional bug fix for an equipment malfunction or software bug. There is no overtime Read this Term, 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.