Swatch Becomes Smarter with G&D Embedded Chip
The new Swatch Bellamy, recently launched with a G&D smart card chip, is China’s first contactless payment watch.
Swatch watches have caught the eye since launching on the market in 1983 by Swiss watchmaker Nicolas G. Hayek. The new Swatch Bellamy, recently launched with a G&D smart card chip, is China’s first contactless payment watch. Fully compliant with China UnionPay security specifications, it is compatible with worldwide contactless payments at all five million China UnionPay point of sales (POS) terminals equipped with NFC. The chip in this feature‐packed Swatch also has a debit card function, which can be used for cash withdrawals and for topping up e‐cash amounts. In addition, the payment functions will not consume any extra battery power.
Stefan Auerbach, Group Executive Mobile Security at G&D, noted that G&D were “proud and honored that G&D had the opportunity to contribute to the innovative Swatch Bellamy watch.” Dr. Roland Savoy, Managing Director APAC at G&D, explained: “In cooperation with partners across industries, such as Swatch, we have been fostering innovation and smart security in these markets.”Swatch CEO Hayek was likewise happy with the partnership and he looked “forward to developing this relationship further.”
The importance of the wearable market can hardly be overstated, with worldwide sales set to reach 215 million units shipped in 2019, according to the International Data Corporation. The most in‐demand wearables are, of course, smart watches and fitness/wellness trackers, and these sales should double by 2019 from 65 million to around 124 million.
And just as night follows day, consumers will soon expect all of their wearable device to support secure payments, authentication mechanisms and transit functions via contactless NFC or Bluetooth Low Energy. “With our expertise in security solutions and our Trusted Service Management, G&D is uniquely equipped to ensure that consumers’ trust is justified,” said Auerbach. “Our solutions work with all major payment schemes and safeguard secure payment for virtually any combination of consumer payment preferences as well as OEM specifications for wearable devices.” As well as updated over‐the‐air, devices are likely to be loaded with more than one payment credential and potentially more than one mobile operator credential.
With its payment technology now in Chinese smart band JiePay and the Samsung Gear S2, Smart Bellamy further establishes G&D as a leading player in the wearable market.