Swatch to break into mobile payments

smartwatches wearable technology mobile payments security

Watchmaker has plans to launch a payment service and a wearable device Swiss watchmaker Swatch is planning to break into the mobile payments space. The company has plans to unveil a new wearable device within the next 90 days, which will serve as a response to other wearable devices that are being launched. According to Swatch, the new device will be able to connect to the Internet and communicate with other devices without having to be charged. The device will also support mobile payments, making it a competitor with similar…

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