Blog

Swatch CEO sees 2016 Swiss launch for pay watch: newspaper

Swatch Group (UHR.VX) expects to launch a smartwatch that can be used to make payments in Switzerland next spring, Chief Executive Nick Hayek said in an interview with a Swiss newspaper published on Saturday. The watch is likely to use a pre-paid system, Hayek told Finanz und Wirtschaft, unlike a version launched in China this month that can be used like a debit card. Hayek said this was because the

Swatch CEO sees 2016 Swiss launch for pay watch: newspaper

Swatch Group (UHR.VX) expects to launch a smartwatch that can be used to make payments in Switzerland next spring, Chief Executive Nick Hayek said in an interview with a Swiss newspaper published on Saturday. The watch is likely to use a pre-paid system, Hayek told Finanz und Wirtschaft, unlike a version launched in China this month that can be used like a debit card. Hayek said this was because the