Hybrid smartwatches from Kairos Watches can be used to make instant payments thanks to a deal with financial services provide Wirecard AG.
The watch will effectively become a contactless payment card that can be used in any shop with an NFC-based terminal. Apple is offering the same system in its Apple Watch, making it increasingly likely to be adopted by mainstream retailers around the world.
“Kairos Watches believes that the future of payments is wearable, which is why we chose to partner with Wirecard, one of the world’s most innovative payment companies,” says Sam Yang, founder and managing director of Kairos Watches.
“This partnership with Wirecard brings an unparalleled level of convenience and simplicity for smart watch users when it comes to payments.”
Jörn Leogrande, executive vice president mobile services with Wirecard adds: “The wearable sector is an important driver for secure mobile services like payment, access, ticketing and identification. We are happy to support innovative startups like Kairos which are at the forefront of wearable innovations via our global portfolio of technologiesand services.”
The Kairos Hybrid Mechanical Smart Watch, which created a storm when it was unveiled at Baselworld, features a Swiss or Japanese mechanical movement with an integrated transparent OLED screen in the glass for smartwatch functions.