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Caixabank, Visa and Swatch join forces to launch the first Swatch watch to make contactless payments

Swatch Pay! allows you to download Visa cards issued by CaixaBank on a Swatch analog watch.

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Caixabank, Visa and Swatch join forces to launch the first Swatch watch to make contactless payments

Swatch Pay! allows you to download Visa cards issued by CaixaBank on a Swatch analog watch.

The well-known Swatch watches have a technological touch since yesterday in Spain, despite still being analog. Thanks to a collaboration agreement between Visa, CaixaBank and the watchmaker, Swatch will allow the watch to be used as a contactless payment method in stores.

Swatch Pay! technology from the Swiss company that allows payments, was already available in fifteen countries around the world, but now lands in Spain thanks to the agreement with Visa and CaixaBank. "Swatch Pay! is a new solution for making contactless payments. This new means of payment allows you to download Visa cards, issued by CaixaBank, in a Swatch analog watch, thus allowing you to pay without contact or friction. As for the way of use, the All the customer has to do is have the Swatch Pay! Prieto, General Director of Visa in Spain.

The Swatch Pay! It will work with several models that have their equivalent without the payment function: Gent, New Gent, Big Bold, and according to the Swiss brand, new watches with this tool will soon be released. "Its price is five euros more than its equivalent in the Swatch collection," they specify.

For its part, CaixaBank claims to embark on this segment to maintain its drive for digital payment on all types of mobile and wearable devices. The entity has brought its mobile payment service to a wide variety of systems, including Apple Pay, Samsung Pay, Garmin Pay and FitBit Pay. Likewise, the entity was the first to launch contactless bracelets in Spain with which payments can be made without the need to carry a card or a mobile phone.

"In that sense, Swatch Pay fits perfectly with the entity's commitment to bring mobile payment to all types of devices, and even more so if they offer a wide variety of models and availability, as is the case of the Swatch brand. The evolution of payment methods is closely linked to mobility and the diversity of devices that can offer a better user experience, and in this sense we continuously apply innovation. We want to offer the payment service on all the devices that our customers use. This strategy has made it possible for CaixaBank to now be the leading bank in mobile payment, with more than 3 million customers of this service and more than 5 million cards enrolled in different devices", indicate the entity, which calculates that by the end of the year , 2 out of 10 card operations will be carried out with mobile terminals or wearable devices.

Contactless payment on Swatch watches will work on any operating system, simply by using the company's application, and will allow you to pay at any point of sale where you can pay with the CaixaBank Visa card.

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