The wearables explosion is ticking closer, particularly with the release of the Apple Watch, and estimates for the market are huge. In February 2015, Cisco Systems forecast that global wearable device connections would total 578 million in 2019, compared with 109 million in 2014 and 170 million in 2015. And Tractica estimated that the number of wearable devices shipped worldwide in 2020 would reach 187.2 million—up from 17.0 million in 2013.
Mobile payments aren’t a new concept, but most chatter has focused on the usage of mobile phones to purchase items. However, based on December 2014 polling by Stratos, wearables can’t be left out of the conversation. Among US smartphone owners, more than two-thirds said they would prefer to use a wearable device over a mobile phone to make in-store payments. Read the rest at eMarketer.