Chinese e-commerce giant Alibaba has teamed up with FiiSmart, a wearable fitness operator, to launch a payments-focused smartwatch called Pay Watch.
The device, which has some of its inspirations from Apple Watch, features a 1.63-inch Amoled display with a resolution of 320 x 320 pixels, a dual-core CPU, 4GB native storage space and bluetooth connectivity.
Go deeper with GlobalData
Compatible with Android and iOS smartphones, the device is backed by a 300mAh battery which uses magnetic charging and endures 36 hours of normal usage and 119 hours using power saving mode, both on a single charge.
The device, which operates on the new YunOS for Wear, supports mobile payments using the company’s mobile payments service AliPay. The new wearable works by generating on-demand QR codes that retailers can scan at checkout.
Pay Watch currently supports by 20,000 restaurants, 25,000 shopping stores, 30,000 marketplaces and 50,000 hotels.
Its price may range up to about $160 and will be available in four colour options.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
