Swatch SA and Visa have signed an agreement related to contacless payments. This new pay-by-the-wrist watch, Swatch Bellamy will be launched in early 2016.
According to the companies this service can be used globally where Visa payments are accepted.
– It‘s also true that “bel ami” means “good friend” in French, and the new BELLAMY watch will doubtless become a good friend to its wearer. Contactless NFC technology uses high-frequency radio waves to enable electronic devices to communicate over short distances, usually less than 10 cm.Pay-by-the-wrist transactions require absolutely no energy at all from the watch itself, meaning customers can expect the usual battery life of a Swatch, the company stated in the press release.