Mondaine, Oberthur intoduce payments into Helvetica No1 Smart watch

MONDAINEBlurring the lines between technological innovation and horological excellence, Mondaine has put together a fresh update to its Mondaine Helvetica No1 Smart watch. Having established itself as a leader in the field of Swiss-made wearable technology for the discerning customer, Mondaine is looking to innovate with new Near Field Communication (NFC) contactless payment technology.

A number of Mondaine watches will be imbued with a Mondaine PayChip™, designed to offer convenient and efficient transactions at contactless payment points.

For 30 years, Mondaine has harnessed one of Switzerland’s most significant horological icons – the Swiss Railways Clock SBB – and transferred it onto the wrist to create something both iconic and functional. Its Mondaine Helvetica Smart watch, which was inspired by the world’s most used font Helvetica (Latin for ‘Swiss’) was a natural extension to this expertise; encasing modern technology in a design that feels fundamentally grounded in Swiss watch-making. In fact, the only indication that it is smart is the sub-dial at 6 o’clock, which provides an analogue readout of sleep and activity tracking data collected via sensors by MotionX/FullpowerR.

In a similarly subtle style, the Mondaine PayChip, which is the same size as a phone SIM-card, will be invisibly secured within a specially-designed part of the Mondaine watch strap on the 12 o’clock side, or inside a strap loop which can be fitted to most watches. The ‘handy’ positioning of the PayChipTM ensures that a simple flick of the wrist results in uncomplicated payments at NFC pay counters worldwide; freeing the wearer from unnecessary bulky bags or wallets. As a result, Mondaine has stayed true to its iconic Swiss roots by blending craftsmanship, functionality and simplicity with technology designed to’ de-clutter’ and ‘de-stress’.

The celebrated Mondaine Helvetica No1 Smart watch is a natural and confident starting point for the PayChip installation, however Mondaine is also offering this technology with several other Mondaine models. These versions are sold at the same price as those without this facility.

A live demonstration of the Mondaine PayChip prototype will be presented at Baselword 2016, to show contactless transactions for fresh servings of original Starbucks on the go coffee, supported by Selecta* vending company. To achieve this goal of convenient transaction, Mondaine has partnered with Oberthur Technologies, a leading global provider of embedded security software products, services and solutions, who produce billions of smart cards worldwide. Oberthur Technologies and Mondaine are of the strong belief that more and more retailers globally will have contactless payment devices installed.

For the Swiss Market, Mondaine has partnered up with Cembra Money Bank AG, who will issue the MasterCard Credit Card to consumers. The PayChip uses the same technology as the majority of credit cards, allowing customers to simply hover over contactless payment devices in thousands of point of sales worldwide. With the Mondaine watch and PayChip, you can have “money” on you whenever you wear your watch.

In other countries, Mondaine’s distributors will partner up with domestic credit card issuers who will then provide the same PayChip produced by Oberthur Technologies.

*Selecta is Starbucks’ exclusive partner for the Starbucks on the go brand in Europe

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Categories: Contactless Payments, Other, Wearable Computing

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