How many people in the USA use smartwatches for contactless payments

The Rise of Contactless Payments

Contactless payments have been on the rise in recent years, thanks to the convenience and security they offer. With contactless payments, you can simply tap your smartwatch on a payment terminal to complete a purchase, without having to enter your PIN or sign a receipt. This convenience has made contactless payments a popular choice for many people, and the trend is only expected to continue in the coming years.

Smartwatches and Contactless Payments

Smartwatches are a natural fit for contactless payments. They’re always with you, and they’re easy to use. Plus, many smartwatches come with built-in NFC chips, which are required for contactless payments. As a result, more and more people are using smartwatches to make contactless payments. In fact, a recent study found that 25% of smartwatch users in the USA have used their smartwatch to make a contactless payment in the past month.

Benefits of Using Smartwatches for Contactless Payments

• Convenience: Contactless payments are quick and easy to use. You simply tap your smartwatch on a payment terminal and you’re done.
• Security: Contactless payments are secure. Your smartwatch uses a unique token to identify itself to the payment terminal, so your card information is never shared.
• Rewards: Many credit cards offer rewards for using contactless payments. So, you can earn rewards every time you use your smartwatch to make a purchase.

Conclusion

Smartwatches are becoming increasingly popular for contactless payments. The convenience, security, and rewards that contactless payments offer make them a great choice for many people. If you’re thinking about getting a smartwatch, be sure to consider one that has built-in NFC support. That way, you can start using contactless payments right away.