Huawei, a global leader in smart devices, and Yowpay, a premier Luxembourgish fintech specializing in SEPA-based instant payments, announced „a groundbreaking partnership to launch the world’s first Open Banking / SEPA Smartwatch Point of Sale (POS) application”.
„This innovation transforms a Huawei smartwatch into a fully functional payment terminal. Utilizing Yowpay’s advanced A2A (Account-to-Account) orchestration, merchants can now accept instant SEPA payments directly on their wrist. Customers simply scan a dynamic QR code generated on the watch face using the camera of their Smartphone bypassing traditional card schemes and reducing transaction fees.” – the company explained.
“Our goal has always been to make payments as seamless as a heartbeat,” says Christian Caumont, CEO of Yowpay. “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.”
The application is now available on the Huawei AppGallery for the Huawei Watch GT and Watch Ultimate series.
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