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ZURICH (Reuters) - Swatch Group expects to launch a smartwatch that can be used to make payments in Switzerland next spring, Chief Executive Nick Hayek said in an interview with a Swiss newspaper published on Saturday.
The watch is likely to use a pre-paid system, Hayek told Finanz und Wirtschaft, unlike a version launched in China this month that can be used like a debit card.
Hayek said this was because the payment system in Switzerland is a "complex regulatory matter" compared with similar systems in China or even the United States.