Wirecard's boon and SwatchPAY! launch in Germany and Austria

Aschheim (Munich) (ots) -

- Now available in Germany and Austria: Swiss watch manufacturer
Swatch presents six new SwatchPAY! watches that consumers can pay
with
- SwatchPAY! and boon users benefit from mobile payments without the
need of a smartphone
- SwatchPAY! offers an easy and contactless payment experience using
boon, Wirecard's payment app

Wirecard, the global innovation leader for digital financial technology, is the
exclusive payment partner for the SwatchPAY! launch in Germany and Austria. With
the help of the mobile payment solution boon, consumers can carry out easy and
contactless payments with the brand new line of Swatch watches.

How it works: Via the boon app on their smartphone, watch owners receive a
virtual Mastercard, which is stored in the SwatchPAY! app as a means of payment.
The virtual card can be topped up by credit card or bank transfer. Contactless
payment is very easy: To carry out a payment, the watch is simply held up to a
compatible terminal in-store, and a signal tone confirms that the payment has
been completed. Since the power required is supplied by the terminal, this
process works even when the watch battery is empty, as opposed to when paying
with smartphones. Like all conventional Swatch models, the new SwatchPAY!
watches are waterproof to a depth of 30 meters, making them ideal companions and
payment options when, for example, going for a swim. As a result, the
traditional wallet can stay at home.

"We are pleased to bring 'The coolest way to pay - SwatchPAY!' to Germany and
Austria," said Carlo Giordanetti, Creative Director of Swatch. "It has never
been more convenient to pay, anytime and anywhere, with the watch on your wrist.
The new method of payment is secure, uncomplicated and stylish - typical
Swatch!"

Georg von Waldenfels, Executive Vice President Group Business Development at
Wirecard, added, "Mobile payment methods are becoming increasingly popular, and
for a long time we have been driving this development forward. The fact that
Swatch relies exclusively on Wirecard as its technology partner for the
implementation of its SwatchPAY! strategy demonstrates our leading position in
this area. With the new SwatchPAY! watches, users of our popular app boon now
have even more opportunities to pay easily and securely."

SwatchPAY! and boon are equipped with numerous security functions according to
the strictest industry standards, ensuring that a user's card details are never
disclosed to merchants or Swatch itself.

For more information, please visit www.beboon.com or 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 and 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 colour, 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 longstanding 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 art and artists - Swatch watches are and remain a popular
screen for artists of all horizons and styles.

Wirecard media contact:

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

Swatch media contact:

Swatch Germany:
Vivienne Matz
Tel.: +49 (0) 619 - 68777 1602
EMail: vivienne.matz@swatchgroup.com

Swatch Austria:
Peter Altrichter
Tel.: +43 1 981 85 45
EMail: peter.altrichter@swatchgroup.at

Additional content: https://www.presseportal.de/pm/15202/4452606
OTS: Wirecard AG
ISIN: DE0007472060

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