Five Payment Predictions For 2015
BANGALORE: Technology never fades, with Biometrics, Wearables, Smartphones has transformed the way we pay. Life was lived at a quicker pace than before, it seems like technology has returned with a new makeover. Now it's time to look forward at promising payment trends that will shock twenty first century, as compiled by Tech Radar.
#1.Biometric data, not PIN
Biometric payment method is where the fingerprint sensors will help to keep the information more secure. The customer has to submit biometric data, such as a fingerprint, to permit the deduction of funds from a bank account. This payment mode is become easy where the customers need not carry cash, cheques or credit cards. The transactions are speedy too. Biometric payment has thus far has gained popularity only in U.S.
#2.Wearable tech will become a reality
Wearables are the defining technology of the future. They fall into the category of technological devices that a person wears, and are capable of tracking data relative. There are many other wearable products that have already established themselves in the market. Wearables can make payment method highly accessible, spark motivation and contribute to greater outcomes sustained over time.
