Wearable Computing Can Expand The Ways For Mobile Payments

Wearable computing and mobile payments can be good friends

Wearable devices are stepping up from novelty to mainstream. And mobile payments are also on the same way. But both these technologies are too young to hold the burden of users demands. What if we mix both these technologies?

Wearable technology poses a significant opportunity when combined with mobile payments. Both together can be a game-changer for each other resulting into a field that one refuse to ignore.

Consumers interaction with new devices is increasing day by day giving a boost to increase in supply of wearables. The more number of wearables prevail in the market, the more ways expand for mobile payments to reach the users. But how wearables can define the future of mobile payments? Let’s figure it out.

Can wearables enhance mobile payment experience?

Wearables collect data in a different way than smartphones. It offers new ways to know who you are, where you are, when you are, what you need at what time, etc. Co-operating location and behavioral data with payment options will make the users payment decisions more responsible and payment actions more accurate.

According to Paypal’s Varun Krishna,”Wearables give rise to more connected, more personal experiences.” He says, “Wearables provide connectivity at a point that mobile apps can’t. By nature, they are more connected to the user than a phone can be”.

So, we can say that wearables bring new techniques to collect users data through which it can improve mobile payment experience.

How wearables data can be a key to mobile payment success?

With wearables, data will be huge and its analytics will be higher. One can turn this analytics into useable insights which will give birth to predictive mobile payments based on context. Let’s make it clear with an example.

Suppose you are daily visiting a coffee shop. Your smartwatch will save your daily visits and automatically serve you a payment option whenever you visit that particular shop. Overall, mobile payment will predict your payments based on your daily visits + daily payments.

Future of Mobile Payments with Wearables

Instead of change, you can expect a replacement, replacement of all your credit & debit cards, membership cards and your traditional wallet with one mobile or wearable wallet. Still, it’s hard to say whether mobile payment would be a one-size-fits-all approach.

News for app development companies and app marketers is that they may work on data analytics + predictive mobile payment options which will play a key role in gaining customers loyalty.

Final words

Mobile app ecosystem is quite immature for both wearables and mobile payments as other than inventing a new way of data analytics some more issues are blocking the way like security issues. Mobile app developers are working on this and trying to make things ready for upcoming future of mobile payments and wearable technology.

5 Android Wear Updates to Compete Against Apple Watch

apple watch vs google watch1

Arrival of Android wear like Moto 360 or LG Watch Urbane was in conversation before Apple Watch. But they were not as popular as the Apple Watch is. Arrival of Android wear didn’t make any difference to users’ choice. They remained happy with their smartphone without thinking for buying any wearable device. With the entrance of Apple Watch, users’ minds are changing and they have started thinking of buying this device.

The thought of losing the grounds of wearable tech might have panicked Android due to which after such a long time, it has released updates for Android wear to compete against Apple watch. Let’s see the updates and how they can compete against the tech giant Apple.

1. Wi-Fi Connectivity

This is the most important update of Android wear. Wi-Fi keeps you connected with your smartphone via your smartwatch. No matter whether your smartphone is in your pocket or at your home while you are out of the house, you will receive smartphone notifications in your smartwatch, and also able to reply through messages. Wi-Fi connectivity minimizes the need of smartphone everywhere even at a 5 minute walk to the store.

2. Always On

Android wear follows the “always on” mentality like all other devices. It’s a fact that smartwatch possesses 15-18 hours of battery life but a few tricks can make it longer. To save more battery on smartwatch, Android inserts a system which turns the light dimmer when the wrist feels the charging necessity.

3. Improved Battery Life

Apart from “Always on” Capability, Android wear also bring some more updates that will save battery life to give you enough time to recharge your watch again. It’s also possible that these battery saver systems will empower Android wear battery life more than Apple Watch. No proofs yet!!!

4. Faster Fluid Communications

Android wear gives you an easier way than tapping. Just flick your wrist and swim through your apps. No need to tap again and again with your fingertip. Flick sharpens and fastens the communications.

5. Google Keep

Google keep is an Android wear app that allows you taking a quick note using your voice command. It saves your lots of time wasted while typing a note. Within app, you can scroll through all your saved notes and send useless to the archive. You can add reminders to the sensitive notes so that you do not miss any important event. This feature is truly competitive against Apple Watch. But app development for Apple watch is also there to give reply to Android wear as 3500 apps have already uploaded to Apple Watch app store.

First it was the fight of smartphones, then apps and now wearable. It seems that Apple and Android are fighting never ending battles. Before Apple Watch arrival, all was going well and now you will hear data related to growth of Apple Watch and Android wear. Let’s see where it will go. Don’t forget to mention your expectations in the below given comment box.