Presentation of the Swatch Pay

The brand based in Biel/Bienne has introduced Swatch Pay, its second contact-free payment system.

At a press conference organised in the iconic Swatch Art Peace Hotel in Shanghai, the Swatch Group’s CEO Nick Hayek, along with Chen Zhi, Vice Chairman of China UnionPay, unveiled their partnership. The latter aims to introduce Swatch Pay on the Chinese market with the support of 11 local banks with a worldwide reach.

This new timepiece is interpreted as four models featuring a harmonious blend of innovation and colourful style. Equipped with revolutionary technology based on the China UnionPay cloud payment solution, it serves to replace credit and debit cards. Upon acquiring it, all the new owner need do is download the app and scan the watch in-store to enable instant system activation.

August 31, 2017