Systems and methods for conducting mobile transactions and/or actions on electronic wearable devices are disclosed. The electronic wearable device comprises a wearable and a base device. The wearable comprises connective hardware components and associated firmware and software for connecting the base device. The wearable comprises a dedicated communication component and at least one dedicated activatable component. The dedicated communication component establishes communication between the electronic wearable device and an application server. The at least one activatable component is operable to be activated for transactions and/or actions for at least one good or service.