Swatch’s new non-smart watch does mobile payments in China

Traditional watch makers have not been so eager to jump head on into the smartwatch buzz but the advancement of mobile payment might be giving them second thoughts. Swatch, however, while still mulling over a proper smartwatch product, does have a stopgap solution to that. It has just announced a non-smart, some call it dumb, regular watch in China and while it doesn’t do all the fancy things smartwatches can do, it does do at least one thing they can: make payments without the need for cash or credit cards.

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