U.S. consumers are in no rush to purchase a wearable device and future adoption of the technology will be driven by attractiveness, alerts and payments functionality. CG’s latest research, Mobile Banking: The New American Addiction uncovers that wearables are a significant trend in technology, but their utility to financial services remains to be seen. But the fact that one third of consumers are comfortable making a payment from a wearable device, tells us that this technology is a ‘must-watch’ development in fintech.

1. WHICH OFTHESE
WEARABLE DEVICES
DOYOU PLANTO
PURCHASE?
8%
APPLE
W
ATCH
2%
GO
OGLE GL
ASS
1%LG
LIFEBA
ND
3%
OTHE
R
4%
SA
M
SUNG GALA
XYGEAR
82%of U.S. consumers
wouldn’t purchase any
wearable device
WearableTechnology: Hype or Hope?
18%
OF U.S. CONSUMERS
PLANTO PURCHASE A
WEARABLE DEVICE
30% are comfortable making a payment
with a wearable device
39% are interested in receiving
notifications and alerts
“Wearables are a significant trend in technology,
although their utility to financial services remains
to be seen. CG believes that wearables are a must-
watch development in fintech.”
— Byl Cameron, CG Digital Practice Lead
53% say it is important for your device
to look attractive
“
What will it take to make wearable
technology a success?
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