A run on Sterling-personal finance on the move

Abstract

A number of organizations are currently engaged in the creation of electronic wallets as platforms for electronic commerce and banking. Significantly the wallet developed by Swatch is wearable. The Swatch 'Access' thus represents one of the few applications of truly wearable technology within the financial service sector. This paper summarizes research intent upon exploring and highlighting the non-technical requirements associated with electronic wallets such as the Swatch Access. To achieve this goal the research adopted an ethnographic approach. A series of interviews and observations was carried out, addressing the content of the people's existing wallets and how the wallet and its contents are used in everyday life. The findings' are subsequently discussed in terms of their implications for the development of future wearable electronic wallets.