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Payment Progression

More independence via mobile and automated payments

Implications - Credit card payments are bringing increased independence to consumers as monetary transactions become more automated. Digital shopping has evolved from PayPal to mobile phone apps that allow even more flexibility for impulse shoppers. Personal credit card readers may not be far from becoming mainstream.
Trend Themes
1. Mobile Payments - As consumers grow more comfortable with automated monetary transactions, mobile payment methods are becoming more popular.
2. Personalized Shopping - Advancements in touchscreens and AI technologies are enabling personalized recommendations without the need for pushy sales associates.
3. Biometric Authentication - Technology that allows for secure, contactless payment methods, such as using fingerprints or vein scans, is on the rise.
Industry Implications
1. Financial Services - The rise of mobile and automated payment methods presents an opportunity for financial services companies to offer innovative solutions for their customers.
2. Retail - Advancements in technology, such as personalized touchscreens, offer retailers opportunities to improve their customers' experiences and streamline sales processes.
3. Technology - The development and adoption of biometric authentication technologies presents an opportunity for tech companies to innovate for security and convenience purposes.
3.2
Score
Popularity
Activity
Freshness
Patterns
Megatrends
6 Featured, 35 Examples:
475,709 Total Clicks
Date Range:
Jan 09 — Oct 09
Trending:
Mild
Consumer Insight Topics:

Featured Examples

Futuristic Shopping Experiences
Futuristic Shopping Experiences
Touchscreen Cash Registers Make Upselling a Breeze
You know those pesky sales clerks that forcibly try to upsell you? Well, technology could replace them soon, as seen in the above video of an innovative new touchscreen cash register. Upselling is critical… MORE
RFIDs for VIPs
RFIDs for VIPs
Spain's Baja Beach Club Implants Its A-Listers With Bar Codes
Renowned Barcelona-based Baja Beach Club is the first ultra-trendy social venue in the world to inject RFID microchips into its VIP members. Organizers even hold an ‘implant night’ for new members. For… MORE
play_circle_filled Personal Credit Card Readers
Personal Credit Card Readers
The SmartSwipe Revolutionizes Online Shopping
SmartSwipe is a new personal credit card reader invented by a young entrepreneur from the city of Regina in the Province of Saskatchewan, Canada. The device seeks to revolutionize the current online… MORE
Fingerprints As Credit
Fingerprints As Credit
Hitachi Biometric Vending Machine Requires Customers to Give It the Finger
Potentially coming to every corner of the globe are these Hitachi Biometric Vending Machines. This machine requires no cash, the Hitachi Biometric Vending Machines simply uses finger vein biometric authentication… MORE
Mobile Coffee Orders
Mobile Coffee Orders
Pay for Your Next Starbucks Drink on Your iPhone
When people on the go want their coffee fix, they want it instantly and the new Starbucks iPhone application helps make things a little easier. The Starbucks card mobile application is the latest in… MORE
Cashless Cards
Cashless Cards
Majority of Tokyo Residents Use Electronic Cash
While cashless payment cards have certainly been around for a few years, they’ve been pretty strongly opposed by technophobes and privacy groups alike. Worldwide adoption seemed like a lost cause. However,… MORE

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