Germany-based global provider of digital payments and commerce solutions Wirecard announced on Thursday it has signed a cooperate agreement with watch brand, Swatch. Wirecard reported that in the future, consumers will be able to install fully digital, contactless payment solutions as an app in Switzerland and later throughout Europe and use them through their watches. This means that all SwatchPAY! customers will benefit from simple and secure mobile payments with boon by Wirecard at the point of sale.
According to Wirecard, boon by Wirecard is a mobile payment solution that works completely independently of banks and network operators. Starting February 1st, users in Switzerland will be able to add their digital boon cards to SwatchPAY! and pay with their Blackback, Pastel, Chic & Magic Watches wherever Mastercard contactless is accepted. While sharing more details about the agreement, Carlo Giordanetti, Creative Director of Swatch, stated:
“Constant innovation is a central part of Swatch’s DNA. Thanks to the latest innovation, tokenization has never been so quick and simple. It has never been more convenient to pay anytime, anywhere using the Swatch on your wrist: carry out the tokenization, hold the watch to the payment terminal, done! SwatchPAY! is simple, stylish and typical Swatch!”
Georg von Waldenfels, Executive Vice President of Consumer Solutions at Wirecard, went on to add:
“We are proud to announce our cooperation with Swatch. This brings a whole new lifestyle aspect to the market for mobile payments, which is currently experiencing strong growth worldwide. The benefits for consumers of being able to pay with their watch and boon mean a new level of freedom in everyday life. Our customers can now use their digital boon cards with their favorite Swatch watches – without having to take their wallet or smartphone with them.”