Wearable Payment is a new development in the wearable technology.Many company’s like Apple ,Samsung and Microsoft have Integrated wireless payments to their wearable devices.Wearable payment systems utilize near field communication (NFC), radio frequency identification (RFID), or quick response (QR) codes and barcodes .Apple Pay for the Apple Watch is the first big effort at enabling payments with the wrist. Soon to be launched, Android Pay and Samsung Pay are other prominent digital wallet solutions that will support smart watch payments.
FITPAY
FITPAY is a technology platform that adds contactless payment capabilities to wearable devices.FitPay integrates into your wearable and IoT devices, so your customers can use them to buy from more than 10 million merchants worldwide.
THE BEST WEARABLE PAYMENT DEVICES IN THE MARKET ARE
- Samsung Gear S3
- JawBone UP4
- Apple Watch
- Microsoft Band 2
SOURCE: tracitina , fitpay, YouTube ,GemaltoVideos
