- Center for the Digital Future - http://www.digitalcenter.org -

Web Insight: would you wear a wearable
for mobile payments?

Some fitness bands (like FitBit), smart watches (like Apple Watch), and other wearable devices let you make mobile payments without having to find your phone; you just touch your device to a sensor at the cashier.

At this point, few people pay with these devices, but are people interested in using them in the near future? The Center’s upcoming Future of Money and Banking Study looks at interest in wearables and mobile payments, including the large gap in interest based on race or ethnicity.

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Are race or ethnicity related to interest? Indeed they are.

On average, Hispanics and especially African-Americans who are not yet using wearables express the greatest interest in using them in the near future, and whites the least.
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See all Web Insights [1].

October 3, 2017