The global wearable payments devices market size was valued at $10.35 billion in 2020 and is expected to post a 29.8% growth rate by 2028. Rising demand for NFC-enabled wearable payments devices, which can be attributed to their fast payment capability, is likely to further accelerate market growth. Smartwatches, fitness trackers, and pre-paid wristbands (mostly for events such as concerts) are the most popular wearable devices.
