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Making a secure payment at a suburban fuel station through your wrist watch by just moving your arm before a machine. With Internet of Things (IoT) technology becoming pervasive, this could be a part of your routine exercise. As the number of IoT-enabled devices is expected to reach a whopping 50 billion by 2020, there is a need to attach them with secure payment options. Besides making customers’ lives easier, it will also expedite commerce practices while adding a much-needed element of transparency in the whole process. The technology can also
facilitate the device manufacturers to customise the payment options by evaluating the available technology-driven options.