The world of digital payments is currently experiencing an explosion with every big company working towards creating convergence in payments. Apple has since launched Apple Pay and is currently working on exporting the technology to the Chinese market. Google already has Android Pay, Samsung launched Samsung Pay with the Samsung Galaxy S6 flagship device. Facebook is also working on including payments on its Messenger platform. Other players include Square, a company led by Twitter founder Jack Dorsey. Most of these platforms allow you to make payments through NFC, biometrics and peer-to-peer payments in the case of Facebook Messenger.
Taking it a notch higher, Japanese Telecommunications company NTT Docomo is working on a device called the the Arrows NX that will allow you to make payments using your eyes. I know, it sounds futuristic but this technology is here with us. The device is set to use iris recognition in tandem with fingerprint authentication. Users will then shop for things by looking directly into the front facing camera.
The technology also allows the users to unlock the devices. The iris patterns just like fingerprints are unique for every individual which makes them secure for payments. Samsung previously rolled out the Smart Scroll technology in its Galaxy S4 smartphone, that allowed the user to scroll through web pages with their eyes.
The Arrow NX was developed by Fujitsu and runs on Android 5.0 Lollipop. It spots a 5.2-inch QuadHD (2,560 x 1,440) display, octa-core processor (2.0GHz quad-core + 1.5GHz quad-core), 3GB of RAM, 32GB of internal storage and a 3,120 milliamp-hour (mAh) battery. It will be interesting to see how fast this technology takes over the world.