In 2016 consumers will use their mobile phones to spend a total of 620 billion dollars and analysts expect this number to grow to over 1 trillion dollars by 2020. Hoping to capitalize on consumers preference for convenient transactions new payment technologies such as peer to peer payments, crypto currencies and digital wallets have seen rapid growth. In this special report, Corporate Profile® delves into the future of cashless technology with Shlomi Cohen the CEO of OTI (On Track Innovations www.otiglobal.com), a company which hopes to further change the way consumers pay with wearable payment devices.
