May 28, Swatch Group (Swatch Group) CEO Nick. Hayek (Nick Hayek), said the company will be launched this summer in two countries, their smart watches.

Hayek at the annual meeting of shareholders in Switzerland, Bill said, Swatch will be the first in Switzerland and "a big country" to launch their own smart watches. He also said that the watch will have remote payment capabilities.

He did not say which country the big country was, but it was probably the United States or China, the two largest markets for the company.

Swatch smart watch is the company's response to Apple's smart watches and other similar products.

Swatch to produce Tissot, Longines and Omega watches world famous. However, analysts believe that if the Apple smart watch in the market to be successful, Swatch will be the most affected watch manufacturer.

In the last year, Hayek is still exclusion of smart watches, smart watch design, indecent, the screen is too small and the battery life is too short.

Swatch has signed an agreement with China UnionPay. In addition, the company has also reached an agreement with Swiss banks and large credit card companies.