Swatch PAY! Is coming to Switzerland

SwatchPAY! Is coming to Switzerland

CONTACTLESS PAYMENT MADE EASIER THAN EVER

A payment card on your wrist. SwatchPAY! makes contactless payment as simple and secure as can be – you’ll never have to reach into your pocket or bag for your wallet or phone again. Following its successful launch in China in the summer of 2017, the credit card watch is now available in Switzerland as well.

SwatchPAY! uses an NFC radio chip hidden underneath the watch dial. Customers simply place their wrist with the watch next to the contactless payment terminal at the checkout counter. The terminal reader then exchanges payment information with the chip, and that’s all there is to it! The payment terminal supplies the energy needed for this process, which means that unlike any smartphone, the SwatchPAY! Watch doesn’t require batteries to make payments. Like all other Swatch models, the SwatchPAY! Watch is water-resistant to a depth of 30 meters, which makes it more flexible and durable than other payment methods.

“Continuous innovation is a key strand of the Swatch DNA,” said Carlo Giordanetti, Swatch Creative Director. “This latest advance, with the introduction of the fastest and simplest tokenization, makes it easier than ever  to pay “forever” – token up your Swatch, swipe it and you’re done. SwatchPAY! is simple, stylish and swatchy.” 

More than 75% of all electronic point of sale systems in Switzerland currently support the payment method, and all the major domestic banks in Switzerland are participating in the SwatchPAY! system. Customers, on the other hand, all they need is to choose a watch, have an eligible payment card and set-up SwatchPAY! through the official app, in a Swatch store. The system activation creates a link between the watch and the payment card via a Bluetooth-NFC device (SwatchPAY! Box) with the help of the app on the customer’s smartphone. As soon as this process is completed, the consumer can pay for goods and services at any contactless point-of sale terminal. Four different Swatch models are now set to revolutionize contactless payments in Switzerland by making the payment process easier, more convenient, and cooler than ever before. 

SwatchPAY! partners: Giesecke+Devrient, Mastercard
Partner banks: Cembra Money Bank, Cornèrcard, Credit Suisse, Swiss Bankers, Swisscard, UBS, Viseca

 

Related news

The Swatch Art Connections

The Swatch Art Connections

The Swatch Art Peace Hotel is turning 8! A lucky number in its home country China, the Shanghaibased artist residency takes the happy occasion to open a virtual exhibition on its website. SWATCH ART CONNECTIONS presents fun, crazy and interesting projects that Swatch has developed following fruitful encounters with artists-in-residence.   Swatch has…

SWATCH IS OFFICIAL TIMING PROVIDER AT EXPO 2020 DUBAI

SWATCH IS OFFICIAL TIMING PROVIDER AT EXPO 2020 DUBAI

THE COUNTDOWN HAS STARTED Swatch is getting ready to join the World’s Greatest Show! Ahead of its opening in October 2020,several timekeeping installations across UAE will serve as landmarks to count down to the big opening. On Sunday night of the 20th of October – exactly one year before the next World Expo opens its doors – Najeeb Mohammed Al-Ali,…

SWATCH INAUGURATES ITS HEADQUARTERS IN BIEL

SWATCH INAUGURATES ITS HEADQUARTERS IN BIEL

After a construction period of almost five years, Swatch inaugurates its new headquarters in Biel – one of the world’s largest timber structures, designed by the Japanese star architect Shigeru Ban. Heralding a new chapter in the history of the brand, this building defies current conventions, just like the watches that are created there. The architect…