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‘‘Wearable payments are just getting started,’’ says Tractica research director Aditya Kaul.

According to the market intelligence firm, wearable payment transaction volume will grow from $3.1bn in 2015 to $501.1bn worldwide by 2020, by which time wearable payments will represent approximately 20 per cent of the total mobile proximity transaction volume and about 1 per cent of total cashless transactions in retail.

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