Swatch and KTC launch SwatchPAY

For the first time in Thailand, Swatch joins hands with KTC (Krungthai Bank) to introduce SwatchPay. The new payment system allows users to make contactless payments, much like a virtual payment card with a wristwatch.

From shops to restaurants, this new feature allows SwatchPay users to pay with ease from their wrist, thanks to a hidden mechanism inside a compatible watch called NFC (Near Field Communication) chip.

It works the same way as the chip on credit cards and does not need to be…