Today’s consumers are seeking methods to avoid human interaction during checkout processes and as a direct result, payment methods are constantly evolving. Whereas society used to rely on cash payments, most of the Western World has transitioned into card payments. But that won’t be the final evolutionary steps for payments, as mobile payments are looming on the horizon. Swatch has teamed with Visa to let consumers make payments with their watch.
Introducing The Swatch Pay-by-wrist Solution
Similar to how payments have evolved over the years, so have the watches we wear on our wrists. Back in the old days, one would check the time by using a pocket watch. By the 20th century, the wristwatch gained a lot of popularity and that trend was soon succeeded by smartwatches, which have yet to gain any major traction in the world.
As our watches became more advanced, it only makes sense to explore the boundaries of what these devices can be used for. Counting steps and calories is just the first wave of features smartwatches will bring to consumers worldwide. If it is up to Swatch, we will be using our wristwatches to make contactless payments soon.
READ MORE : http://themerkle.com/news/swatch-announces-pay-wrist-take-apple-samsung/
Topic: [2015-11-30] Swatch Announces Pay-by-wrist To Take on Apple and Samsung (Read 209 times)
November 30, 2015, 10:58:59 PM
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