Swatch to launch payments-enabled smartwatch

Swatch Group has planned to launch a smartwatch featuring mobile payment functionality in the next two to three months.

Swatch to launch payments-enabled smartwatch

Swiss watchmaker Swatch Group with brand portfolio comprising Tissot, Longines and Omega watches has planned to launch a smartwatch featuring mobile payment functionality in the next two to three months.

The device will operate via near field communication (NFC) technology supporting both Windows and Android operating systems and will not require charging using electricity.

The Swatch smartwatch will allow consumers to make mobile payments using the device at stores and will include features like SMS display and smart-phone notifications and incoming call alerts with plans to incorporate other advanced features including batteries that can double its performance.

Swatch Group CEO Nick Hayek said: “We’ll implement all of those into new products. Some of them, such as the battery, will take a few years though, and are also destined for other industries, like the automotive industry.”