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    News in brief

    Wearable payments to reach $501bn by 2020

    News in brief

    Payments made using wearable devices such as smart watches, fitness trackers and wristbands will grow from US$3.1bn in 2015 to $501.1bn worldwide by 2020, research from market intelligence firm Tractica finds. “By that time, wearable payments will represent approximately 20% of the total mobile proximity transaction volume and about 1% of total cashless transactions in retail,” the firm adds.

    Filed by Email Rian Boden Published • Last updated 27 July 2015, 14:34

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