By Shawn Lim

Mastercard has introduced tokenization into a small and flexible chip that can be attached to wearables and accessories such as watchstraps or keyrings, turning them into contactless payments devices.

Benjamin Gilbey, senior vice president for digital payments and labs in Asia Pacific at Mastercard, takes The Drum into the finance company’s vision of the future of wearables.

According to Allied Market Research, the wearable payments market is projected to reach $1.37 trillion by 2027. In Asia Pacific, the region is projected to register the highest compound annual growth rate of 23.3% during the forecast period, due to the large consumer base Read full story ›

Source: The Drum