Why I Wouldn’t Bet On Wearables to Revolutionize Mobile Payments

From DazoInfo -

“As smart devices technology evolves, analysts have an exciting time trying to predict the future state of industry; especially when it comes to studying the impact these devices on our lifestyle like shopping for instance. We have curated and analysed few statistics and intelligence to answer the question that how the latest smart device offerings viz-a-viz wearables will affect the mobile payments as such.”

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Citi Futurist Envisions the Part Wearables Will Play in Banking

From American Banker –

“You could forgive Andres Wolberg-Stok for sounding a bit gleeful about his new role at Citigroup.

In a newly created position, the 14-year company veteran is setting the bank's strategy for mobile devices, wearable devices, and the Internet of things. He's integrating voice and facial recognition, wallets and digital payments into Citi's consumer platforms. And perhaps most importantly, Wolberg-Stok is overseeing a wholesale shift to an application programming interface model for all Citi consumer channels. This change will let software developers quickly create new apps for the bank.”

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Does the Device Make the Payment or the Payment Make the Device?

From Bank Innovation

“In payments, what comes after mobile?

Mobile may be all the rage now, but wearables are coming fast, and then there’s the Internet of Things, and there’s even that guy who embedded his bitcoin wallet in his hand — ouch!

It doesn’t matter, says Ed McLaughlin, MasterCard‘s chief emerging payments officer, who believes we’re all hung up on the form factor and are missing the real story. At a Citigroup financial technology conference yesterday, McLaughlin was asked to put digital payments in perspective, and he said, per Seeking Alpha”

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Tech Trends 2014 - Wearables

From Deloitte CIO Journal

“Wearable computing has many forms, such as glasses, watches, smart badges, and bracelets. The potential is tremendous: hands-free, heads-up technology to reshape how work gets done, how decisions are made, and how you engage with employees, customers, and partners. Wearables introduce technology to previously prohibitive scenarios where safety, logistics, or even etiquette constrained the usage of laptops and smartphones. While consumer wearables are in the spotlight today, we expect business to drive acceptance and transformative use cases.

Wearables - The eyes have it

From Deloitte CIO Journal

“The mass launch of smart glasses is likely to be met by skepticism and delight, as is customary with the launch of each new digital form factor. And the first models of smart glasses are likely to appeal to, and be purchased by, a niche. But at a global level the volume of early adopters in 2014 may well number in the millions, with demand increasing to the tens of millions by 2016 and surpassing 100 million by 2020.”