Swatch Signs Visa For Smartwatch
Swatch, the world’s biggest watchmaker, said Visa would provide cashless payment systems for its new Swatch Bellamy, pictured, which will be available in the US, Switzerland and Brazil from the start of 2016. (No news yet on an Australia launch.)
The watch, which will sell for 90 to 100 Swiss francs (A$121-134) uses near-field communications technology to allow the devices to exchange data and cashless payment.
Worldwide smartwatch sales are expected to grow from seven million units in 2014 to 650 million by 2020, according to estimates by the Smartwatch Group consultancy.