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Huawei and Yowpay launch open banking smartwatch POS app
The app turns a Huawei smartwatch into a payment terminal, enabling merchants to accept instant Sepa payments directly on their wrist.
Customers scan a dynamic QR code generated on the watch face using the camera of their Smartphone, bypassing traditional card schemes and, says Yowpay, reducing transaction fees.
Christian Caumont, CEO, Yowpay, says: “By integrating our Open Banking and generally Sepa payments tech into Huawei’s industry-leading wearables, we are giving merchants total mobility and financial sovereignty.”