Swatch has unveiled a new series of watches enabled for contactless payment. The watches, which launched in China in 2017, will initially be available in Switzerland.
Consumers can link their credit or debit card details to a SwatchPay watch and then use it to pay for goods or services at any contactless point-of-sale terminal.
The watches don’t appear to have any other functionality, apart from telling the time. Transactions require no energy from the watch itself, meaning the payment features have no negative impact on battery life.
“Continuous innovation is a key strand of the Swatch DNA,” said Carlo Giordanetti, Swatch Creative Director. “SwatchPay is simple, stylish and sexy.”
