Wirecard cooperates with Swatch to launch SwatchPAY!

Aschheim, Munich (ots) -

- Leading watch manufacturer Swatch launches first payment service
with accessories in Switzerland
- Wirecard offers a fully digital payment experience via SwatchPAY!
and boon
- Users of SwatchPAY! and boon in Switzerland benefit from mobile
payments without needing a smartphone or wallet

Wirecard, the global innovation leader for digital financial
technology, has signed a cooperation agreement with the leading watch
manufacturer Swatch. In the future, consumers will be able to install
fully digital, contactless payment solutions as an app in Switzerland
and later throughout Europe and use them via their watches. This
means that all SwatchPAY! customers will benefit from simple and
secure mobile payments with boon at the point of sale.

boon by Wirecard is the industry's first mobile payment solution
that works completely independently of banks and network operators.
From 1st February 2019, users in Switzerland will be able to add
their digital boon cards to SwatchPAY! and pay with their Blackback,
Pastel, Chic & Magic Watches wherever Mastercard contactless is
accepted.

"Constant innovation is a central part of Swatch's DNA", said
Carlo Giordanetti, Creative Director of Swatch. "Thanks to the latest
innovation, tokenization has never been so quick and simple. It has
never been more convenient to pay anytime, anywhere using the Swatch
on your wrist: carry out the tokenization, hold the watch to the
payment terminal, done! SwatchPAY! is simple, stylish and typical
Swatch!"

Georg von Waldenfels, Executive Vice President Consumer Solutions
at Wirecard, said, "We are proud to announce our cooperation with
Swatch. This brings a whole new lifestyle aspect to the market for
mobile payments, which is currently experiencing strong growth
worldwide. The benefits for consumers of being able to pay with their
watch and boon mean a new level of freedom in everyday life. Our
customers can now use their digital boon cards with their favorite
Swatch watches - without having to take their wallet or smartphone
with them."

boon by Wirecard is easy to set up on SwatchPAY! watches by going
to one of the participating Swatch Stores, downloading the SwatchPAY!
App and adding the digital boon card to the SwatchPAY! wallet. To
pay, the user simply holds the watch in front of the payment
terminal. With the SwatchPAY! App, several watches can be managed
simultaneously.

SwatchPAY! and boon are equipped with numerous security functions.
Industry standard security features ensure that a user's card
information is never disclosed to merchants or Swatch itself.

Further information can be found on www.beboon.com and
www.swatch.com.

About Wirecard:

Wirecard (GER:WDI) is one of the world's fastest growing digital
platforms in the area of financial commerce. We provide both business
customers and consumers with a constantly expanding ecosystem of
real-time value-added services built around innovative digital
payments by using an integrated B2B2C approach. This ecosystem
concentrates on the areas payment & risk, retail & transaction
banking, loyalty & couponing, data analytics & conversion rate
enhancement in all sales channels (online, mobile, ePOS). Wirecard
operates regulated financial institutions in several key markets,
holds issuing and acquiring licenses from all major payment and card
networks. Wirecard AG is listed on the Frankfurt Stock Exchange (DAX
and TecDAX, ISIN DE0007472060). Visit us on www.wirecard.com, follow
us on Twitter @wirecard and on Facebook @wirecardgroup.

About Swatch:

Swatch, founded by Nicolas G. Hayek in 1983, is one of the leading
Swiss watch manufacturers and one of the world's most famous brands.
The first Swatch watches amazed audiences with their revolutionary
concept, creative design and provocative spirit. The brand's
philosophy, based on color, movement, lightness and transparency, is
clearly visible in every Swatch product and project. Today, Swatch
still surprises with innovations, new models, collections and special
editions. The brand's strong commitment to snowboarding, freeskiing,
surfing, beach volleyball and mountain bike slopestyle has enabled it
to maintain its strong presence in the world of sport. From the
outset, Swatch has sought a link with the arts and with artists -
Swatch watches are and remain a popular canvas for artists of all
horizons and styles.

Contact:

Wirecard media contact:
Wirecard AG
Jana Tilz
Tel.: +49 (0) 89 4424 1363
Email: jana.tilz@wirecard.com

Swatch media contact:
Swatch Group
Sidonie Perroud
Tel.: +41 32 321 20 77
Email: sidonie.perroud@swatch.com

Original-Content von: Wirecard AG, übermittelt durch news aktuell