The Swiss watch brand Swatch and MasterCard announced the launch of the SwatchPAY! service in Ukraine.
What is known
Now
</ img>
</ img>
"We are sure that the SwatchPAY!will become a popular accessory and payment instrument among Ukrainians: they do not require additional charging, are always on hand, and payment is made as quickly as possible, conveniently and most importantly - securely, which is ensured by the Mastercard digital platform", - commented Yuri Batkhin, Vice President for Business Development of Mastercard in Ukraine and Moldova.
How to set up payment
To set up contactless payment forSwatch watches need to install the SwatchPAY application! (Google Play, App Store), and then add your card details to the program (Bank Vostok, Oschadbank and PrivatBank cards are supported).
By the way, now in Ukraine there are 13 models of Swatch watches with an NFC module. The price tag starts at 2609 UAH. All models can be found on the manufacturer’s official website.
</ p>Show press release
Hide press release
SwatchPAY! launched in Ukraine with Mastercard
Contactless payments with Swatch watches are now available in Ukraine for Mastercard cardholders. Be the first to use the new SwatchPAY service! connected three Ukrainian banks – Bank Vostok, Oschadbank and PrivatBank.
Kyiv, July 15, 2021.– Mastercard and the Swiss watch brand Swatch are launching a new contactless payment service in Ukraine – SwatchPAY! From now on, owners of SwatchPAY watches! They will be able to pay with them wherever there is a contactless terminal: in shops, cafes, public transport, etc. Contactless payment with SwatchPAY! is already available for Mastercard cardholders from Bank Vostok, Oschadbank and PrivatBank.
With SwatchPAY!the NFC chip is used, which is hidden under the dial. To pay, the user just needs to bring the watch to the contactless terminal. SwatchPAY! are waterproof to a depth of 30 meters, and, unlike a smartphone, they do not require additional recharging, which makes them even more versatile and reliable tool for payments.
“Contactless payments have never beenso popular! We are extremely excited about the launch of SwatchPAY! in Ukraine together with our reliable partners from Mastercard, Bank Vostok, Oschadbank and PrivatBank, – says Bernardo Tribole, vice president of marketing at Swatch International. – Setting up SwatchPAY! It is simple, quick and does not require additional costs. To pay using SwatchPAY watches! there is no need to separately activate the payment function or keep the watch within range of the smartphone connected to it, which makes contactless payments safe and convenient.”
How to set up payments using SwatchPAY!
-
Install the SwatchPAY mobile app! to your smartphone (available on iOS and Android);
-
Add your payment card details to the application by scanning it with your smartphone or by entering them manually;
-
Activate your watch using SwatchPAY! Box in the official Swatch store or yourself using a smartphone with NFC based on Android;
-
Pay for purchases with SwatchPAY! manage payment activities in the app contactlessly and easily.
Today in Ukraine there are 13 watch models,which support the contactless payment service SwatchPAY!. The list of models can be found on the official Swatch website. You can purchase watches in official stores – on the website swatch.ua and in ZIFFERBLATT stores.
“Already about 40% of card transactionsMastercard in Ukraine in physical retail occurs using devices with NFC – smartphones and gadgets. At the same time, payments with wearable devices, such as watches and bracelets, are gaining popularity especially rapidly: in terms of the number of such payments, Ukraine is already consistently among the top three leading countries in Europe. We are sure that the watch is SwatchPAY! will become a popular accessory and payment tool among Ukrainians: they do not require additional charging, are always on hand, and payment is made as quickly, conveniently and most importantly as possible – securely, which is ensured by the Mastercard digital platform, – commented Yuri Batkhin, vice president for business development at Mastercard in Ukraine and Moldova.
SwatchPAY service!works on the basis of Mastercard's global digital tokenization platform, thanks to which the card number is replaced with a unique 16-digit combination of numbers, or, in other words, a token. The token replaces the actual bank card data during payment, providing the maximum level of protection for the payment transaction.