Smartwatches have become the ‘next big thing’ within the payments industry, but how many have been sold, and more importantly, who exactly is wearing them?
The NPD Group has released an infographic detailing how many smartwatches have been sold, and which global regions contain the most smartwatch users.
Wearable devices are proving very popular at present, creating fierce competition between technology firms. The competition heated up on 24th April when the Apple Watch was released. Integrated with Apple Pay, the wearable device is capable of making contactless payments.
According to Eddie Hold, vice president of connected intelligence at NPD, the United States will be the hardest market to crack if smartwatches prove to be successful in the near future. Over 50 per cent of Americans currently do not wear a watch at all, with Hold stating that ‘‘The smartwatch still has to create a defined use case.’’
The problematic US EMV rollout and the larger question: Is EMV actually protecting retailers against fraud?
In this guest post, Vlad Branin, VP, Professional Services, Zooz, talks about the ins and outs of US EMV adoption: process of rolling out and the specific benefits.
New data from Worldpay, which surveyed 4,000 shoppers in Europe, shows the continent is becoming more tech-savvy and a keen adopter of new payment technology.
Berlin neo bank N26 talks new products, UK launch and the advantages of being based in Berlin.
Just under twenty percent of all card purchases are now being made on contactless cards, according to new data from the UK Cards Association.