Huawei has joined forces with Luxembourg based fintech Yowpay to unveil an open banking powered smartwatch point of sale application designed to enable merchants to accept payments directly from a wearable device.

The new solution uses open banking infrastructure to securely initiate card payments and instantly share settlement data with merchants allowing real time reconciliation on a wearable device.

The feature is offered only in paid plans reflecting a premium tier designed to help businesses streamline on the go checkout at scale.

Luxembourg based Yowpay collaborates with Huawei to combine hardware prowess with open banking software creating a seamless checkout experience on the wrist.

Security and privacy are prioritized with bank level authentication and encrypted data flows that protect customer information during card present transactions.

Merchants benefit from faster checkouts reduced device clutter and potential operational savings while customers enjoy convenient contactless payments on the go.

The launch signals a broader push by fintech and device makers in Europe to expand wearable payment capabilities and to broaden the feature set in coming months.