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Swatch Group Chief Executive Nick Hayek has signed a contract with credit card company Visa Inc.in connection with the Swiss firm’s new watch that enables wearers to make payments, a newspaper reported on Tuesday.
Swatch has already introduced the watch in China and aims to introduce a similar device in 2016 in Switzerland and the United States, Le Temps said.
In China Swatch has partnered with China UnionPay. Hayek confirmed he has signed a contract with Visa for elsewhere. That covers Switzerland and the United States, the paper said....
It really was just a matter of time before Swatch joined the wearables industry.