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Experiential Pay

Enhancing user experiences, interactive payments add allure to everyday routine

Implications - As competition among retailers advances, interior aesthetics and product design just isn’t enough to gain consumer recognition, prompting a turn towards more engaging in-store experiences. Providing excitement without sacrificing productivity, retailers are turning to interactive payment options that encourage greater user involvement, enhancing routine credit transactions with heightened, individual touches. This illustrates a move towards more intimate, yet efficient methods of consumer interaction.
Trend Themes
1. Experiential Payments - As retailers compete, more engaging in-store experiences can enhance routine credit transactions with unique, individual touches.
2. Biometric Authentication - Facial recognition software can be used to pay without the use of cash, credit cards, or even smartphone apps, providing an innovative, secure payment method.
3. AR Shopping - The use of smart glasses and photorealistic overlays create an augmented reality shopping experience, providing shoppers with digital renderings of products and secure, streamlined transactions.
Industry Implications
1. Retail - Retailers can enhance the shopping experience with experiential payments and AR shopping, increasing consumer engagement.
2. Banking and Payment Systems - Innovations such as biometric authentication and computerized payment cards offer consumers secure ways to make transactions with their financial accounts.
3. Mobile Technology - Peer-to-peer payments through a smartphone keyboard extension offer millennial consumers a more efficient and socially integrated means of dealing with personal finances.
4.2
Score
Popularity
Activity
Freshness
Patterns
Megatrends
7 Featured, 60 Examples:
165,716 Total Clicks
Date Range:
Jul 13 — Nov 17
Trending:
Average
Consumer Insight Topics:

Featured Examples

Computerized Payment Cards
Computerized Payment Cards
'Da Vinci Choice' is a Card with a Built-In Keyboard and Screen
‘Da Vinci Choice’ is the name of a new payment card created by Simon Hewitt, the former chief security officer of one of the largest banking groups in Australia. Unlike many plastic... MORE
Fare Payment Rings
Fare Payment Rings
The Moscow Metro is Introducing the PayRing as an Alternate Payment Method
Though commuters in Moscow are currently able to use a Troika transport card to board the local subway system, PayRing is set to be introduced as a wearable alternative. The device will soon make... MORE
play_circle_filledSmiling Payment Systems
Smiling Payment Systems
Alipay Uses Smile to Pay to Let KFC China Customers Pay With Smiles
As artificially intelligent systems continue to improve, Alipay is looking to capitalize for KFC China customers. The massive online retailer’s payment system has recently enabled payments... MORE
Mobile Peer-to-Peer Payments
Mobile Peer-to-Peer Payments
Paykey Lets You Transfer Money Through Your Phone's Keyboard
Mobile banking is an increasingly popular financial tool among the millennial demographic, which is why Paykey, a Tel Aviv-based startup is implementing a banking-friendly keyboard extension, which... MORE
play_circle_filledAR Shopping Experiences
AR Shopping Experiences
Mastercard's AR Experience Lets Customers Scan Their Eyes to Pay
Mastercard, ODG and Qualcomm recently unveiled a forward-thinking AR experience for the retail environment that involves a pair of smart glasses, photorealistic overlays and eye-scanning payment... MORE
play_circle_filledBiometric Buying Systems
Biometric Buying Systems
This New Payment System Lets You Buy Things with Your Face
A new payment system uses facial recognition software to let customers pay for their purchases without the use of cash, credit cards or even SmartPhone apps. Finland-based Uniqul recently launched... MORE
Binge-Encouraging Coffee Apps
Binge-Encouraging Coffee Apps
The CUPS App Helps Get Coffee Drinkers a Coffee Discount at Cafes
Coffee-drinkers will adore the smartphone CUPS app that helps caffeine junkies find cafes close to them and get a discount on a cup of coffee. The CUPS app works by letting users find a cafe... MORE

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