If you're always frantically fishing through your pockets for cash or plastic to pay for coffee or lunch, a world-first suit with a payment microchip embedded in the sleeve could be what you need.

The suit's Australian makers describe it as ''the world's most powerful suit'', and it's not hard to imagine the likes of James Bond or Maxwell Smart raising an eyebrow as you pay for lunch with a mere flick of your stylishly attired wrist across a payWave terminal.

Off the cuff: Retailer M.J. Bale's innovative suit. Credit:Wayne Taylor

Menswear retailer M.J. Bale devised the concept of sewing a small chip into the sleeve of a prototype run of suits to see whether its customers would embrace the idea.

Other ''wearable technology'' innovations, such as the face-mounted Google Glass computer, have so far met with a mixed reception, but activity-sensing fitness bands worn around the wrist are becoming increasingly popular.