In early 2019, Swatch unveiled a new range of analog fashion watches in the company’s distinctive eye‐catching style. The difference is that these watches contain SwatchPAY!, a contactless payment system that works exactly like contactless credit and debit cards.
When the purchaser buys the watch, they can securely load a virtual card, linked to an existing credit or debit card, to their SwatchPAY! Watch. Using the SwatchPAY! App, co-developed by G+D Mobile Security, consumers can securely load the virtual card onto their SwatchPAY! Watches in all participating Swatch stores.
Shopping, transport and leisure activities can now be paid for with a flick of the wrist. Wearables have entered the real world, not as a smartwatch or band, but as a sleek stylish item that does its job invisibly and effortlessly. Using the same technology as battery-less cards, the transactions take no energy at all from the watch itself. The new payment features have zero impact on the design and battery life of the watches and they’ll work even if the battery is flat. Plus, after purchase, the watch owner can deactivate or delete payment options from the watch at will.