Category
Tech
Desk Systems
Trend cluster
Category
Wearable
Payment
Methods of purchase are being integrated into fashion pieces for convenience.
5.5
Trend score
Trend
What is the Wearable Payment trend?
Wearable Payment: A desire for increased efficiency has consumers looking beyond their mobile devices toward more integrated forms of payment. Combining methods of purchase into fashion accessories and clothing pieces, these products offer a more adaptable and less strenuous method of routine shopping. This speaks to the future of technology as a catalyst for true convenience and a generally gadget-less existence.
Trend themes
Themes within the Wearable Payment trend
Three behaviours holding the trend together01
Integrated Payment Clothing and Accessories
The integration of payment systems in clothing and accessories offer a more adaptable and less strenuous method of routine shopping.
02
Smartwatch Payment Systems
The future of smartwatch technology will go toward payment, making mobile payments even more accessible to the public.
03
Touch-less Wearable Payment
The ability to make wearable payments in regular and fashionable clothing is becoming more appealing to consumers.
Industry implications
What the Wearable Payment trend means for industry
Where the trend changes the playbookFor
Fashion and Retail
Clothing and accessory designers can incorporate payment systems into their products and help reduce the amount of cash transactions in the retail industry.
For
Mobile Technology
The integration of wearable technology, such as smartwatches, to payment systems will increase accessibility and convenience for mobile users.
For
FinTech
The development of touch-less, integrated, and wearable payment systems offers a new market for FinTech companies.
Trend signals
Trend signals for Wearable Payment
Trend score 5.5 out of 10, from popularity 82%, activity 75%, freshness 8%.
Popularity82%
Activity75%
Freshness8%
Audience
70%Men
30%Women
- Gen Alpha (not a primary audience)
- Gen Z
- Millennial
- Gen X
- Boomer (not a primary audience)
Market
North America
Europe
Asia-Pacific
Evidence
Examples of the Wearable Payment trend
4 featured examples from Apr 25, 2014 to Oct 29, 2015CategoryBusiness
Smartwatch Payment Systems
A New Payment Method is Being Developed Using Smartwatch Technology
As more consumers turn to mobile and wearable devices for payments, there is a huge opportunity for financial services companies to explore new payment technologies.
CategoryTech
Payment-Making Apparel
Adam Selman is Using Clothes and Accessories to Allow For Wearable Payment
Fashion brands and retailers can explore integrating wearable technology as a payment form, offering customers convenience and a new way to shop.
CategoryBusiness
Wearable Wrist Payments
Barclaycard's Contactless Payment bPay Bands Will Reduce Cash Transactions
The financial services industry has the opportunity to develop and market more wearable payment devices like bPay bands.
CategoryFashion
Suave Payment Suits
The Power Suit Lets You Pay with the Wave of a Hand
Fashion industry players have an opportunity to integrate technology into their designs, as well as establish partnerships with payment providers and retailers.
