Wearable technology based mobile payments trial launched by Singapore LTA

wearable technology wristband example

The system is hoping for the successful use of wearables in order to pay for bus and train fares. A six month trial has just begun in Singapore by its Land Transport Authority (LTA), in which it is testing out a form of wearable technology in the form of a Smartband that has a digital CEPAS card encoded within it in order to allow it to pay for transit fare on buses and trains, and to take books out of the library. There will be 200 commuters who will be…

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Wearable technology is highly desirable to 16 to 24 year olds

smartwatch wearable technology

Within that age group, a study has shown that 71 percent would like to own some form of wearables. A recent survey conducted by GlobalWebIndex has revealed that among consumers within the age group of 16 to 24 years of age, 71 percent would like to own some form of wearable technology device. This category was defined as anything from Google Glass to a smartwatch or a smartband gadget. The research indicated that among all of the survey participants which represent internet users from around the world, 64 percent had…

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