Guest Blog
Everyone invested
Published
Share

Intellias Guest Blog: How to Create a Digital Wallet for IoT Payments

A smart speaker walks into a bar and orders a cup of coffee:

– Dang, I forgot my wallet!
– Oh wait! I am the wallet.

Jokes aside, IoT payments are a lucrative new battlefield for FinTechs, banks, and OEMs (brands) — the same crowd attacking the mobile payment space.

But may we suggest looking more into the IoT sphere? For one, it’s still not that crowded. Secondly, it’s surging in profitability. According to Matt Good (the senior vice president and general manager of Elan Advisory Services) in an interview with PYMNTS, the volume of wearables payments may top $500 billion this year. Lastly, IoT painfully lacks viable digital wallet solutions to facilitate growth.

Read the original article here

Share this Article
Related Insights
Featured
Holland Fintech Digital Transformation Paper 2024
Holland Fintech is proud to present the Digital Transformation Paper 2024. This whitepaper, led by the Holland Fintech working group Digital Transformation in collaboration with Accenture, provides valuable insights into the dynamics and key factors influencing successful collaborations between fintechs and incumbents.
Holland Fintech Pavilion at Money 20/20
Money 20/20 – Join our Pavilion! The Holland Fintech Pavilion offers a unique opportunity to connect with a global audience of fintech professionals. Located at the heart of Money 20/20, the pavilion provides a central hub for networking, collaboration, and exposure.
Amsterdam Fintech Week
Amsterdam FinTech Week is back on 2-4 October 2024! Be a sponsor, co-organizer, or just participate in our community events.

How likely are you to recommend Holland FinTech?