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Dual-Purpose Payment

Seeking productivity, consumers turn to multifunctional credit card options

Implications - As technological integration expands, a reliance on speed and efficiency becomes commonplace, prompting a desire for more productive methods of everyday routine. Seeking to make daily transactions more economical, consumers are turning to dual-purpose payment options to add diversity to traditionally single-serving credit sources. Multifunctional payment innovations speak to a desire for more utilitarian, yet equally effective methods of day-to-day purchase.
Trend Themes
1. Dual-purpose Payment - Consumers are turning to multifunctional payment options to add diversity to traditionally single-serving credit sources.
2. Smart Wallet Technology - High-tech wallets designed to securely store electronic versions of plastic cards are becoming increasingly popular.
3. Wearable Payment Systems - Smartwatches are being developed to function as a payment method, using Bluetooth Low Energy beacons to connect with payment systems.
Industry Implications
1. Retail - Businesses are optimizing portable sales with card-swiping smartphone cases and innovative payment technologies.
2. Fashion - Disruptive innovation opportunities are available for fashion brands seeking to integrate payment hardware into clothing items, such as payment-enabled suits and accessories.
3. Finance - The finance industry can capitalize on the trend of smart wallets and wearable payment systems by developing new products and services to meet changing consumer needs.
4.3
Score
Popularity
Activity
Freshness
Patterns
Megatrends
5 Featured, 43 Examples:
326,143 Total Clicks
Date Range:
Jan 14 — May 14
Trending:
Warm
Consumer Insight Topics:

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