Source: Yowpay
Huawei, a global leader in smart devices, and Yowpay, a premier Luxembourgish fintech specialising in Single Euro Payments Area (SEPA)-based instant payments, have 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.
“Our goal has always been to make payments as seamless as a heartbeat,” said Christian Caumont, chief executive officer of Yowpay.
“By integrating our Open Banking and 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.