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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

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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.

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

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