Swatch partners with Visa on payment watch

Swatch Group CEO Nick Hayek. Photo: REUTERS/DENIS BALIBOUSE

Swatch Group Chief Executive Nick Hayek has signed a contract with credit card company Visa Inc.in connection with the Swiss firm’s new watch that enables wearers to make payments, a newspaper reported on Tuesday.

Swatch has already introduced the watch in China and aims to introduce a similar device in 2016 in Switzerland and the United States, Le Temps said.

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