Swatch Links With China Bank Giants for Mobile-Payment Watch
- Consumers can pay at stores across China at UnionPay machines
- Smartwatch game `clearly not over' for Swatch, analyst says
The Swatch Bellamy range of watches.
Source: SwatchThis article is for subscribers only.
Swatch Group AG is linking up with China’s banking giants to sell a timekeeper that can make payments at retailers across the country, posing a challenge to Apple Inc.’s and Samsung Electronics Co.’s smartwatches.
The timepiece will allow users to make payments at stores that have China UnionPay Co.’s point-of-sale machines, according to the Biel, Switzerland-based company which is also teaming up with Bank of Communications Co., one of China’s big-five banks.