Rather than being developed for your smartphone, this mobile wallet app was created by Wallaby for your smartwatch. The mobile payments company already have wearable applications for Pebble and Google Glass and can now add the Samsung Gear 2 Smartwatch to their list.
Wallaby's objective is to help users pick the best credit card for their transactions so customers can save money and optimize their rewards. In this vain, they designed this mobile wallet app to see their credit card balances, limits and usages to get suggestions based on the store they're in.
Appealing to early adaptors, Wallaby endeavors to create apps people want to use. The app is also powered by the Linux-based Tizen operating system.
Wearable Banking Apps
Wallaby's Mobile Wallet App is Developed For the Samsung Gear 2 Smartwatch
Trend Themes
1. Wearable Payment Apps - The development of payment apps for smartwatches and wearable devices continues to trend, presenting opportunities for companies to offer this technology to consumers.
2. Recommendation-based Payment Apps - Apps that use data analysis to provide users with recommendations on how to use their credit cards can disrupt the traditional payment industry, offering consumers a more personalized service.
3. Linux-based Operating Systems for Wearable Devices - As wearable devices continue to rise in popularity, there will be a growing demand for operating systems that can run on these smaller devices and deliver the necessary functions to users.
Industry Implications
1. Mobile Payments - Companies in the mobile payments industry can benefit from developing wearable payment apps that can enhance the user experience and provide added value to customers.
2. Credit Card Companies - Credit card companies can use data analysis to offer personalized recommendations to their customers, setting them apart from traditional banks and offering a more specialized service.
3. Operating System Developers - As creating wearable devices becomes more popular, there will be an increasing demand for operating systems smartwatch makers can integrate into their products.