NFC TIMES Exclusive Insight – While such smartwatches as the Apple Watch are routinely provisioned with payments cards after they are in the hands of consumers, that hasn’t been the case for low-tech analog watches. Swatch Pay could change that.
Switzerland-based Swatch Group announced Tuesday in China that it will enable consumers to buy its second-generation Bellamy watches first then be able to provision them right in the store with their eligible bank cards.
Provisioning the cards after the sale gives consumers more choice of the cards they can load onto the contactless watches and also enables them to activate the watches immediately to begin tapping to pay. In this case, the cards will be tokenized before being loaded onto the watches.