Now, suit that also acts as your wallet

Researchers have developed a suit that doubles as your wallet.

Dubbed the Power Suit, this prototype get up from Australian tailor MJ Bale and Heritage bank is the world's first garment to feature a cashless payment chip built into the sleeve, News.com.au reported.

It uses the same NFC technology you find in your credit cards that use the contactless PayWave system.

It essentially becomes a wearable wallet, meaning if you forget your old fashioned leather alternative you won't be caught short when you head out the office for a power lunch.

Only 11 of these prototype suits have been made and are being trialled to see how the technology goes down.