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The market for wearable devices is still very experimental. Devices such as Google Glass were met with ridicule, while the options for smartwatches lack a consistent message. Even as companies like Apple and Fitbit forge ahead, few consumers are buying their products solely to make payments from their wrists.

What went wrong? Part of the issue is cost; smartwatches are already expensive, and adding an NFC chip for payments only drives up that cost. Another is the lack of infrastructure; wearable devices need the buy-in of major technology players, and many have different strategies for this market.

There are signs that the wearable payments market is starting to come into focus. However, that doesn't necessarily mean it's destined for success.

This listicle is compiled from reporting by PaymentsSource writers including John Adams, Kate Fitzgerald and David Heun. Click the links in each item to read more.


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