Cardtek want and NXP work together to establish a payment system for wearable devices

The company Cardtek involved in digital payments, has announced a partnership with NXP Semiconductors, aimed at the implementation of the payment system for wearable devices. It’s called Digital Enablement Platform.

Wearable devices are considered a promising direction of growth of electronic industry. According to the forecast by CCS Insight, in 2020 the world will be 411 million wearable electronic devices, and which will be made payments amounting to 34.2 billion dollars.

As one of the first examples of wearable devices to make payments you may recall ring NFC Ring issued by Visa for the participants of the summer Olympic games 2016.

Source: Cardtek

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