The Future of IoT and Machine to Machine Payments

Companies like Amazon, and Facebook are setting the standard for customer expectations and customer experience. This includes everything from understanding the whole customer journey, defining the context and personalizing it, to ensuring the payment experience is seamless and frictionless without compromising security. Personalization and contextuality in the mobile payment domain is evolving with Machine to Machine payments. As the popularity of in-app experiences grow, like those used by Uber, there's a corresponding need for a streamlined IoT enabled payment system. Billions of IoT devices are connected all over the world, and it won't be long before almost all of our devices and technologies are connected through IoT. Our technology is communicating with each other, or Machines are exchanging data with other Machines without the help of people.