Technology

Will the Apple Watch Launch Make Waves in Mobile Payment?

Varieties of the new Apple Watch are on display in the demo room after an Apple event on Monday, March 9, 2015, in San Francisco. Pre-orders for the Apple Watch start April 10. The device costs $349 for a base model, while a luxury gold version will go for $10,000. (AP Photo/Eric Risberg)
Varieties of the new Apple Watch are on display in the demo room after an Apple event on Monday, March 9, 2015, in San Francisco. (AP Photo/Eric Risberg)

 

(IT Pro Portal) – The Apple Watch is gearing up for its global launch on Friday (24 April) and has definitely generated its fair share of column inches over the last few months.

Helped by celebrity endorsements from the likes of Beyonce, analysts have estimated pre-order numbers to be around 2.3 million units and some people have even gone so far as to suggest the Apple Watch will be the Cupertino firm’s most profitable gadget ever.

While there have been other attempts into the wearable markets by Pebble and Android, it is Apple that is predicted to set the benchmark for measuring the success of the technology, as it has with many of its previous product ranges.

Dan Wagner, CEO and Founder of Powa Technologies comments: “The launch of Apple Watch marks the first time consumers will have access to a product that combines two of the fastest growing technologies in recent years – wearable technology and mobile payments. To see Apple, one of the biggest companies in the world, betting on such a combination shows the increasing willingness of consumers to adopt innovative and convenient methods of payments.

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