The watch uses payment glass, a super-strong sapphire glass infused with payment technology, allowing wearers to make secure contactless payments up to £45, avoiding the drawbacks of modern smartwatches such as the need for regular charging or internet dependence.
Winwatch is the first company to seal a payment chip and antenna within a glass watch face. This technological development could make it quick and easy for any watch manufacturer to create their own payment watch, or even retrofit existing models with STISS glass (Swiss Technology Inside Smart Sapphire).
With people encouraged to pay via contactless wherever possible due to the COVID-19 pandemic, MuchBetter expects increased demand for innovative contactless payment options among the general public and watch manufacturers alike.
The MuchBetter watch can be used like any contactless payment card once the user has paired it to their wallet/app, although wearers do not need to have their phone with them to make payments.
MuchBetter Co-Founder Jens Bader said: “People are loathed to give up their expertly crafted analogue watch in exchange for a smartwatch that may be obsolete in just a few years. That’s why there’s such a big gap in the market for people who see the benefit of some adding some smart features like payments to their beloved analogue watch – especially now while contactless payments are not just highly convenient, but fundamental for public health.
“After the great success of the MuchBetter powered CashCuff smart-shirt and our payment keyfobs, we’re really excited to be launching this watch to the market.”