MuchBetter and Winwatch launch world’s first analogue watch with “payment glass”

MuchBetter and Winwatch launch world’s first analogue watch with “payment glass”
08.04.2020 04:32 pm

MuchBetter and Winwatch launch world’s first analogue watch with “payment glass”

Payments

Payments app MuchBetter and Swiss watch smart glass provider, Winwatch, have teamed up to launch a unique analogue payments steel watch with smart payment functionality. It is the first watch to use “STISS®” payments glass, a super-strong sapphire glass infused with payment technology. It allows wearers to make secure contactless payments up to £45 – the new limit introduced to encourage contactless payments during the COVID-19 pandemic. The watch is perfect for people who want the stylish appearance and features of a timeless luxury Swiss analogue watch, but with exclusive payment functionality. It also avoids the drawbacks of modern smartwatches such as the need for regular charging, internet dependence, tech obsolescence and bulky designs.

Winwatch is the first company to seal a payment chip (EMV) and antenna within a glass watch face, the kind of technology jump users may expect from a Q-made James Bond watch, and it can be used at millions of locations worldwide where Mastercard® contactless is accepted. This technological development could make it quick and easy for any watch manufacturer to create their own payment watch, or even retrofit existing models with STISS glass (Swiss Technology Inside Smart Sapphire). Sapphire crystal is the first choice for high-end watches and is nearly as strong as diamond. 

With people encouraged to pay via contactless wherever possible due to the COVID-19 pandemic, MuchBetter expects increased demand for innovative contactless payment options among the general public and watch manufacturers alike. The MuchBetter watchcan be used like any contactless payment card once the user has paired it to their MuchBetter wallet/app. Payments are made via the MuchBetter wallet which can be funded by smartphone, although wearers do not need to have their phone with them to make payments. 

“Swiss made watches will always be the pinnacle of watch design, often passed down from generation to generation,” said MuchBetter cofounder Jens Bader. “People are loathed to give up their expertly crafted analogue watch in exchange for a smartwatch that may be obsolete in just a few years. That’s why there’s such a big gap in the market for people who see the benefit of some adding some smart features like payments to their beloved analogue watch – especially now while contactless payments are not just highly convenient, but fundamental for public health. After the great success of the MuchBetter powered CashCuff smart-shirt and our payment keyfobs, we’re really excited to be launching this watch to the market.” 

“By combining our world-first STISS capabilities with MuchBetter’s best-in-class e-money solutions we have created a truly unique, affordable luxury product,” said Winwatch CEO Alex Kalbermatten. “With our STISS glass and its non-invasive and straightforward implementation, Winwatch is the perfect link between the watchmaking world and the new and increasing needs in the competition for the place on the wrist. As a next step we will also offer our STISS glasses to the world's leading watch brand manufacturers”.

Related News

Most countries see growth in ATMs despite pressure from cashless payments

Payment cards and other cashless payment methods are reducing demand for cash, but many countries and sectors remain heavily cash dependent

Fall in... Read more »

TrueCommerce enters into strategic partnership with retail payments specialist

Leading retail technology business TrueCommerce has entered into a new strategic partnership with international... Read more »

PayNearby collaborates with IndusInd Bank for contactless payments at 2 lakh+ Kirana stores

In its bid to simplify ordering, payments and delivery of essentials during the lockdown, PayNearby, India’s fastest growing hyperlocal FinTech startup has now expanded its... Read more »

Shopify introduces major product launches, including Shopify Balance and Shop Pay Installments

Shopify Inc., a leading global commerce company, announced new and updated products at ... Read more »

Recycling ATMs in Latin America to treble by 2024

Deposit automation and recycling terminals are revolutionising the way banks operate across the globe, allowing routine transactions to be migrated from the teller to self-... Read more »

Neobank Jingle Pay chooses W2 to power its new Super App for the Unbanked

W2, the leading provider of real-time digital solutions for global regulatory compliance, announced today that it has joined forces with neobanking group... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel