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

Swatch launches new BIG BOLD collection

Swatch launches new BIG BOLD collection

Inspired by bold ideas, designed for even bolder personalities: Swatch introduces its brand new BIG BOLD collection featuring six different watch models. With a kick from urban streetwear, each BIG BOLD is a statement piece boasting a striking Ø47mm watchcase. The Swiss watchmaker’s new product line calls out for those who are not afraid to put themselves…

Swatch presents Joe Tilson at La Biennale Arte

Swatch presents Joe Tilson at La Biennale Arte

Passionately committed in supporting contemporary art, Swatch remains the proud main partner of La Biennale di Venezia for the fifth consecutive time. For this 58th International Art Exhibition, the Swiss watchmaker has invited Joe Tilson to the Giardini, where the British artist has created THE FLAGS, a site-specific installation. In the year of…

Swatch Flymagic

Swatch Flymagic

Back to the revolution: Swatch Flymagic with paramagnetic Nivachron™ hairspring Swatch has chosen its new FLYMAGIC line to premiere the innovative paramagnetic Nivachron™ hairspring. In a typical Swatch move, FLYMAGIC turns the watch world upside down (once again!): the new balance spring, finely finished modules and skeletonized gear train all appear on…