According to Verdict, the company has initially launched the product in 2016 and plans to expand its offering by enabling Europe-based customers to make ‘stylish’ contactless payments by using a chip with the Mondaine watches. The chip is called Mondaine PayChip and allows consumers to swap it from one watch to another.
Therefore, customers with payment cards that support Fidesmo Pay are enabled to connect the Mondaine PayChip to their wearable to make payments, as the chip can be inserted into a specially developed strap with a pocket, or into a special strap loop, Verdict reported.
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