Watch maker Swatch, joined hands with China UnionPay to launch its second generation contactless payment watch SWATCH PAY, and reached joint support with 11 Chinese banks, including ICBC.
Mobile payment security "wrist can pay to support mobile phone application technology for Swatch solutions company jade, currently supports 11 bank card" cloud flash pay payment, the follow-up will be extended to a number of financial institutions.
According to reports, the second generation pay watch using a new technology, equipped with China UnionPay cloud payment solutions, UnionPay support debit cards and credit cards.
Consumers in the purchase of SWATCH PAY!, only in the shop to scan two-dimensional code and download the application program "wrist to pay", you can instantly activate watch payment function only in a few seconds the marking process, which can achieve waving payment.
SWATCH PAY! Pay watch can be done on the POS with the "QuickPass" sign of unionpay. Do not consume the power of the watch, without network support, you can pay by waving your wrist.
Swatch Group CEO Nick Hayek said: "since the release of Swatch Access in early 1993, Swatch was a pioneer in the technical field of non contact type, and enter the bank card payment is also behoove the innovation. To this end, we are very pleased to launch SWATCH PAY!.
Since July 27, 2017, SWATCH PAY will be on sale at Swatch designated stores in 28 cities in china. The news did not leak the price.