Swatch is partnering with 11 leading banks in China to offer 'Swatch Pay,' a new contactless payment service. Swatch Pay uses four new NFC smartwatches that can be activated by being placed on a specialized in-store platform and after download an app, which only takes a matter of minutes. Following this process, consumers are free to use the wearables to start making payments where contactless participating payment terminals are offered.
To mark the launch of Swatch Pay in China, Swatch is offering rewards to early adopters of the contactless payment technology.
While there are many wearables that have been launched to help consumers make touchless payments, these Swatch models boast stylish, bright colors and affordable designs that have the potential to appeal to consumers of all ages.