MUNICH, January 17, 2019 /PRNewswire/ --
- Leading watch manufacturer Swatch launches first payment service with accessories in Switzerland
- Wirecard offers a fully digital payment experience via SwatchPAY! and boon
- Users of SwatchPAY! and boon in Switzerland benefit from mobile payments without needing a smartphone or wallet
Wirecard, the global innovation leader for digital financial technology, has signed a cooperation agreement with the leading watch manufacturer Swatch. 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 via their watches. This means that all SwatchPAY! customers will benefit from simple and secure mobile payments with boon at the point of sale.
boon by Wirecard is the industry's first mobile payment solution that works completely independently of banks and network operators. From 1st February 2019, 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.
"Constant innovation is a central part of Swatch's DNA," said Carlo Giordanetti, Creative Director of Swatch. "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 Consumer Solutions at Wirecard, said, "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."
boon by Wirecard is easy to set up on SwatchPAY! watches by going to one of the participating Swatch Stores, downloading the SwatchPAY! App and adding the digital boon card to the SwatchPAY! wallet. To pay, the user simply holds the watch in front of the payment terminal. With the SwatchPAY! App, several watches can be managed simultaneously.
SwatchPAY! and boon are equipped with numerous security functions. Industry standard security features ensure that a user's card information is never disclosed to merchants or Swatch itself.
Wirecard media contact:
Wirecard (GER: WDI) is one of the world's fastest growing digital platforms in the area of financial commerce. We provide both business customers and consumers with a constantly expanding ecosystem of real-time value-added services built around innovative digital payments by using an integrated B2B2C approach. This ecosystem concentrates on the areas payment & risk, retail & transaction banking, loyalty & couponing, data analytics & conversion rate enhancement in all sales channels (online, mobile, ePOS). Wirecard operates regulated financial institutions in several key markets, holds issuing and acquiring licenses from all major payment and card networks. Wirecard AG is listed on the Frankfurt Stock Exchange (DAX and TecDAX, ISIN DE0007472060). Visit us on http://www.wirecard.com, follow us on Twitter @wirecard and on Facebook @wirecardgroup.
Swatch media contact:
Swatch, founded by Nicolas G. Hayek in 1983, is one of the leading Swiss watch manufacturers and one of the world's most famous brands. The first Swatch watches amazed audiences with their revolutionary concept, creative design and provocative spirit. The brand's philosophy, based on color, movement, lightness and transparency, is clearly visible in every Swatch product and project. Today, Swatch still surprises with innovations, new models, collections and special editions. The brand's strong commitment to snowboarding, freeskiing, surfing, beach volleyball and mountain bike slopestyle has enabled it to maintain its strong presence in the world of sport. From the outset, Swatch has sought a link with the arts and with artists - Swatch watches are and remain a popular canvas for artists of all horizons and styles.
SOURCE Wirecard AG