The Future of Payments

Abstract

Wearables, as a general category, cover wide variety of device types – from smartwatches to rings to wristbands to clothing – using different communications and security technologies. The total wearables market is expected to have significant growth, and market growth for connected devices that can be used for a variety of functions presents opportunities for device manufacturers, service providers and the payments industry. This quarter’s article provides an overview of the benefits of and technologies used in most common wearables implementations today.