Watch manufacturer Swatch has partnered with payments technology firm Wirecard to launch its payment service SwatchPAY! in Switzerland.

The move enables users of Wirecard’s mobile payment app boon to access SwatchPAY! .

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Wirecard executive vice president of consumer solutions Georg von Waldenfels said: “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.”

Users in Switzerland can add their digital boon cards to SwatchPAY! from next month and make payments anywhere Mastercard contactless is accepted.

The payment service will be supported by four Swatch watch models, namely Blackback, Pastel, Chic and Magic.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

To use the service, users have to download the SwatchPAY! App and add the digital boon card to the SwatchPAY! wallet. They can make payments by holding the watch in front of the payment terminal.

SwatchPAY! and boon does not reveal card data to merchants or Swatch, thereby addressing security concerns.

Swatch creative director Carlo Giordanetti said: “It has never been more convenient to pay anytime, anywhere using the Swatch on your wrist: carry out the tokenisation, hold the watch to the payment terminal, done! SwatchPAY! is simple, stylish and typical Swatch!”