PARIS — Swiss watchmaker Swatch said on Monday it has signed an agreement with Visa Inc. and Visa Europe that gives eligible Visa cardholders in the United States, Switzerland and Brazil the ability to use the contactless payment function of its Swatch Bellamy smartwatch.
The watch, scheduled to be launched in early 2016, can be used anywhere contactless Visa payments are accepted thanks to a built-in near-field communication, or NFC, chip hidden under the dial, the companies said in a joint statement.
“Swatch Bellamy will open a new era of connected commerce, as mobile payment acceptance continues to increase around the world,” they added.
The watch, first presented in China in October, was named after American writer Edward Bellamy, who imagined a world in which cash has been replaced by credit and debit cards in his utopian science fiction novel “Looking Backward 2000-1887,” published in 1888.
Famed for its plastic watches, Swatch earlier this year launched its first smartwatch, the Swatch Touch Zero One, for players of beach volleyball.