Swatch launched a watch which can make mobile payments – Clarín.com

Swatch Group presented a model that can make mobile payments for July or August, which will increase competition to Apple SmartWatch at a low price.

watches Swatch New Gent, which work through the NFC, probably will cost 5 francs ($ 5.49) more than regular models, said Chief Executive Officer Nick Hayek told reporters in the business conference St. Gallen Symposium. Swatch New Gent watches sold 70 francs on.

With the clock Apple for sale for only $ 349, traditional watchmakers are adding electronic features to their products. Cie. Financiere Richemont plans to sell smart watches straps under the Montblanc brand for 350 euros (US $ 396) each, while LVMH Moet Hennessy Louis Vuitton has said it will introduce a TAG Heuer SmartWatch US $ 1,400 later this year.

Swatch enter into a partnership with a “great and global” credit card company, which has proposed to the company ways “easy” to start, also said Hayek. Swatch could add NFC payment functions to other brands as well, he said.