The potential of wrist-based payments is already in evidence via radio frequency identification bands at festivals and live events, with the demand expected to double this year and
cashless payments a key application.Payment transaction volume on wearables will reach $501 billion by 2020, growing at a compound annual growth rate of 177 percent and representing 20 percent
of total mobile proximity transaction volume, according to a new report from Tractica.Read the whole story at Mobile Commerce Daily »