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Swatch links up with China banking giants for mobile-payment watch
Swatch Bellamy retails for 580 yuan and will be sold in China from January 2016
Add BT as a preferred sourcePublished Wed, Oct 14, 2015 · 09:50 PM
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Shanghai
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.
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