Order Form

    This individual Report The Future Is Not in the Cards: Will 'Wearable Payments' Replace Wallets? is available for purchase. This Report is available to members of Mercator Advisory Group’s Prepaid Advisory Service. Please be advised that this Report is normally part of a research and advisory service that provides ongoing support throughout the year. As such, this Report contains significant depth of content that is selected for its strategic importance to our members. (For a description of these services, see our Advisory Services section).

    While the Report represents significant analyst time invested, there is no means of our ascertaining if it will fully meet your specific intended purposes. Typically, these Reports form the basis for future discussions with our clients where we are able to fine-tune additional information that we have gathered in the construction of the series of Reports (or locate new information rapidly due to our exclusive focus on gathering information in the payments industry) for specific member needs.

    Unfortunately, in fairness to our paying members, we are not able to offer this level of support for a single Report purchase. We will, however, credit any Research Document purchase against the future purchase price of the service should you become a member within 30 days of purchasing the document.

    The price for individual Report purchases is $2950 per document. 


    Use the form below to request this individual Report purchase or

    Click here for a fax-back order form




The Future Is Not in the Cards: Will 'Wearable Payments' Replace Wallets?

Wearable Payments May Someday Take the Place of Cash, Cards, and Phones

New research from Mercator Advisory Group Examines the Future of Wearable Payment Devices

Boston, MA – January 29, 2014 –New research from Mercator Advisory Group, The Future Is Not in the Cards: Will “Wearable Payments” Replace Wallets?, examines how rings, wristbands, watches, and other wearable items are being used for payments.

In places such as amusement parks, museums, and schools wristbands and other wearable items are being embedded with contactless chips to enable their use as a payment device. Acceptance might be limited to a few vending machines located on a particular property, or it may include multiple unaffiliated merchants. Some have made use of the MasterCard and Visa networks to offer an open-loop product good wherever contactless payments are accepted. 

Other companies have attempted to build wearable payments devices for particular psychographics. Helping runners, cyclists, and other athletes eliminate sweaty bills and cards was the idea behind one attempt at wearable payments that may have been ahead of its time. 

Wearable payments exist in particular contexts. This may cause customers who use these payment forms to reexamine the ways in which they make transactions, the driving force behind one wearable payments project in the United Kingdom described in the report.

Wearable payments will take a place in the grand scheme of payments. What remains to be determined is whether they will just niches like theme parks or become a widespread form factor like cards and cash. While their future depends on the adoption of contactless technology, they also could help drive the adoption of the technology. As with mobile payments, adoption of wearable payments will come in stages that may seem disjointed.

"With increased contactless acceptance and the right product design, in some contexts wearable payments may replace wallets—both their physical and mobile formats," comments Ben Jackson, senior analyst, Mercator Advisory Group's Prepaid Advisory Service and author of the report.

This report is 18 pages long and contains 2 exhibits. 

Companies mentioned in this report include: Apple Computing Inc., Awesome Foundation, Bancorp Bank, Barclaycard, Disney, First Data Corp., FIS, Google, Kickstarter, Massachusetts Bay Transportation Authority, Massachusetts Institute of Technology, MasterCard, NTT, Passif Semiconductor Corp., Pebble, Pervasive Media Studio, PushCoin Inc., Ring Theory, Samsung, Singapore University of Technology and Design, Starbucks Coffee Co., U.S. Bank, VITA Products Inc., VISA

Members of Mercator Advisory Group's Prepaid Advisory Service have access to this report as well as the upcoming research for the year ahead, presentations, analyst access, and other membership benefits.

Highlights of the report include:

  • Description of various “wearable payments” innovations with contactless chip embedded that have been deployed 

  • New opportunities for payments form factors 

  • The potential of wearable payments to change the way that shoppers think about payments and lead to incremental spending 

  • Contexts in which people are most likely to adopt wearable payments, even if they can be used outside of those venues