Swatch to Sell Low-Price Watch With Mobile Payment Functions
This article is for subscribers only.
Swatch Group AG will introduce a model that can make mobile payments around July or August, which will give Apple Inc.’s smartwatch more low-price competition.
The Swatch New Gent watches, which will work via NFC technology, will probably cost 5 francs ($5.49) more than regular models, Chief Executive Officer Nick Hayek told reporters at the St. Gallen Symposium business conference. Swatch sells New Gent watches for 70 francs and up.