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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

Published Wed, Oct 14, 2015 · 09:50 PM

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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Swatch links up with China banking giants for mobile-payment watch

Consumer & Healthcare

HCA beats first-quarter profit estimates on higher patient admissions

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EU toughens rules on Chinese fashion retailer Shein

Best World under fire from shareholders at AGM over dividends, director salaries

‘Extreme’ climate blamed for world’s worst wine harvest in 62 years

Sheng Siong Q1 net profit up 9.3% on higher revenue

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