View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
December 1, 2015

Swatch strikes a deal with Visa to bring contactless payment

News: Initially the technology will be featured in Swatch Bellamy watch.

By CBR Staff Writer

Swiss watch maker Swatch has teamed up with Visa to launch contactless payment service to its latest creation, ‘Swatch Bellamy’ in Switzerland, US, and Brazil.

The company unveiled the watch in China in October and it is expected to introduce the device in the US in early 2016, followed by Switzerland and Brazil.

The watch maker said that it will use NFC technology with high-frequency radio waves which will allow the device to communicate with the reader over a distance of less than 10cm.

Swatch said that the NFC chip will be placed under the dial and like most other NFC systems customers will be able pay for items using merchants’ contactless POS terminals.

Swatch said: "Fully consistent with the DNA of the pioneering Swiss watchmaker, Swatch Bellamy combines exciting yet functional Swatch design with state-of-the- art payment technology from Visa.

The company previously struck a deal with China’s only domestic bank card company UnionPay to bring contactless payment service to its devices.

With the announcement Swatch has joined the ranks of Apple which allows customers to make payment using Apple Pay through its Smart Watch, and Samsung which has launched a similar service Samsung Pay which will bring contactless payment to its next generation smart watches.

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU