Is it retail therapy gone mad? The dawn of a new cyborg age? Or a new meaning to going down under? Whatever the case, a fair proportion of Australians are receptive to technology mixing with their precious human organic flesh, if it means making payments at retail stores is easier. A survey, commissioned by global payments firm Visa, found 25 per cent of Australians were “slightly interested” in having a commerce-oriented chip implanted in their skin.
Research firm UMR conducted the survey for Visa, interviewing 1000 local consumers. A subcutaneous chip would let consumers pay at a retail terminal without a wallet, credit card, smartphone or smartwatch. They would simply wave their bare hand over a terminal. The finding was revealed as Visa and University of Technology Sydney announced a partnership to explore the future of wearable technology. Visa’s research looked at the wearable technology Australian consumers were interested in using for payments. Thirty-two per cent would be interested in paying with a smartwatch; 29 per cent with a smart ring, and 26 per cent with smart glasses. FULL REPORT