Wearables & Payment Tech, CES & Outside

The change in consumer behavior will drive everything, especially in this millennial generation. As merchants start accepting new forms of payments, the consumer behavior will change further. The good news is that this cycle has now already started and the time has come for massive uptake. According to an IBM research report, 50% of the consumers will use 2 or more devices in their purchase process.

It’s the focus on the consumer that is bringing about the change – it’s not a dramatic turn of events, but the result of iterations including lots of failures, and companies painfully and continually changing focus. For last 10 years, digital payments have been trying hard to make in-roads and the current enabling technologies seem to be finally attracting the consumer. Some connected consumers are now automatically expecting busin ...

To continue reading, sign up for MEDICI Inner Circle and get free access for 7 days.
100,000+ FinTech professionals trust MEDICI Inner Circle to stay up to date on the latest in financial services.