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From Apple Watch and Samsung Watch to Fitbit and Microsoft Band, wearables are popping up all around us. And this technology trend is just getting started.

In fact, a recent CXOtoday.com article cited research by Tractica that estimated exponential growth in the wearables market – from $3 billion in worldwide payment transaction volume in 2015 to more than $500 billion in 2020. 

And while this hot new technology trend is capturing headlines and imaginations, the question remains: What exactly are wearables, and how do they fit into the payment industry?

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