Swatch has agreed with Nexi to increase the use of SwatchPAY! in Italy. The partnership will allow the 150 partner banks of Nexi to make SwatchPAY! available to their customers.
From today, the contactless payment service via Swatch watches is available not only on MasterCard circuit but, for the partner banks of Nexi, also on VISA circuit.
SwatchPAY! allows you to pay in all shops equipped with a POS contactless in an easy way.
Simply bring the watch closer to the POS and insert the card PIN when required.
The energy required for the operation is provided by the terminal, allowing payment without using the clock battery.
How to activate the service
The association of your Nexi card with the Swatch watch can be done in any Swatch Store, online on watch.com at the same time as buying a SwatchPAY! model or, for customers with a smartphone
Customers can also suspend or reactivate the payment function of their SwatchPAY! directly from their IOS or Android smartphone or tablet, at any time, with only one tap via the SwatchPAY mobile app.
In 2020, contactless payments in Italy increased by 29%, reaching a share of €81.5 billion. In particular, those with smartphones and wearables have scored +80%, reaching the 3.5 billion euros