A contactless payment solution is made readily available for individuals with a Garmin smartwatch. The service completely alleviates the stress of having to carry a wallet around at all times. This is an incredibly convenient feature for individuals who are going for a quick run and spontaneously decide to grab a drink or go to the grocery store.
The contactless payment solution is developed in collaboration with payment company Discover and is compatible with a series of Garmin watches including the vívoactive 3 series smartwatch, the Forerunner 645, The Forerunner 645 Music, the D2 Delta Aviator Watch and the Fenix 5 Plus series. Effortlessly dubbed the 'Garmin Pay,' the feature is available at Discover-compatible retail location and those who support NFC transactions.
Watch-Enabled Contactless Payment Solutions
Discover and Garmin Offer Efficiency and Convenience
Trend Themes
1. Contactless Payment Solutions - There is a growing trend in the development of contactless payment solutions, offering efficiency and convenience for consumers.
2. Smartwatch Integration - The integration of contactless payment solutions into smartwatches is a trend that provides users with the convenience of leaving their wallets at home.
3. Fitness and Lifestyle Tech - The incorporation of payment solutions into fitness and lifestyle tech, such as Garmin smartwatches, presents an opportunity for disruptive innovation in how individuals manage their everyday transactions.
Industry Implications
1. Mobile Payment - The mobile payment industry has an opportunity to capitalize on the trend of contactless payment solutions, providing consumers with secure and convenient ways to make transactions.
2. Wearable Technology - The wearable technology industry can leverage the trend of smartwatch integration to enhance the functionality and appeal of their products, making them more essential to consumers' daily lives.
3. Retail and E-commerce - Retailers and e-commerce businesses can benefit from the adoption of contactless payment solutions, as it offers customers a seamless and frictionless checkout experience, increasing customer satisfaction and loyalty.