Swatch Pay! Very Cool · Very Pay’ China Officially Launched Today!

Today, Swatch, a well-known Swiss fashion watch brand, joined with China UnionPay and 11 major Chinese banks to jointly announce that SWATCH PAY! Swatch stores and official online malls are officially on sale. The first four colors are gray, red, blue and black. The price is RMB 580.

The newly upgraded SWATCH PAY! Not only fully reflects the fun, color and functionality of Swatch design, but also perfectly combines innovation and fashion. SWATCH PAY! Uses contactless payment technology and is equipped with China UnionPay cloud flash payment solution, which can support UnionPay debit and credit cards. After purchasing SWATCH PAY !, consumers simply scan the QR code in the store and download the related application, and the payment function of the watch can be activated in just a few minutes. When paying for shopping, as long as the payment watch is close to the POS terminal with the China UnionPay “QuickPass” logo, you can realize a convenient and secure wristband payment. No charging, no network support required. Anytime, anywhere, you can pay with the swipe of your wrist, making shopping easier and more fun!

To celebrate the official launch, SWATCH PAY! Users will also enjoy a series of exciting new home benefits.
New household benefits: (The event date is from July 27, 2017 to December 31, 2017, first come first served.)
 Use SWATCH PAY! For the first time to bind a bank card of any partner bank and enjoy 50 yuan credit card rebate the next month;
 Use SWATCH PAY! To bind the China Post Savings Bank credit card and complete the first purchase, and then enjoy 50 yuan credit card rebate.
SWATCH PAY! Partner Bank:
SWATCH PAY! Was launched by Swatch in cooperation with China UnionPay. The 11 major Chinese banks that have announced support include: Industrial and Commercial Bank of China, Bank of China, China Postal Savings Bank, CITIC Bank, Huaxia Bank, Minsheng Bank, China Merchants Bank, Industrial Bank, SPDB, Ping An Bank, and Xi’an Bank. The specific types of UnionPay bank cards supported are:
– debit card:
Industrial and Commercial Bank of China, Bank of China, Minsheng Bank, China Merchants Bank, SPDB, Ping An Bank, Xi’an Bank.
– credit card:
Industrial and Commercial Bank of China, Bank of China, Postal Savings Bank, China CITIC Bank, Hua Xia Bank, Industrial Bank, SPDB, Ping An Bank, Xi’an Bank.

Applicable merchants of UnionPay “Cloud Flash Payment”
Within China:
At present, there are nearly 15 million POS terminals in China with UnionPay ‘flash payment’ acceptance functions, such as Starbucks, Costa Coffee, Pacific Coffee, the whole family, 711, Rosen, McDonald’s, Burger King, KFC, Carrefour, 85 degrees C and so on. Public transportation is also available in some cities. At the same time, SWATCH PAY! Can be used in any Swatch-operated stores in China.
Hong Kong, Macau, Taiwan and overseas:
At present, there are nearly 500,000 POS terminals in Hong Kong, Macao, Taiwan, and Australia that accept UnionPay ‘flash payment’. The main merchants cover many daily consumer areas such as many well-known shopping malls and convenience stores.