Garanti Bank Watch Advert
In May 2007 MasterCard Worldwide announced the launch of Europe’s first watch equipped with MasterCard® PayPass™ contactless technology, in partnership with Garanti Bank in Turkey.
This contemporary form factor for PayPass - which heralds a new era for credit payments in Europe - will make paying for small-value items quicker and more convenient than fumbling for coins.
Customers can simply tap their contactless watches on the PayPass reader to make the equivalent of a credit card purchase at more than 600 merchant locations in Turkey, including major names such as Burger King, Starbucks, Cinebonus, TAV (stanbul Atatrk Airport Otopark), and the Istanbul Ferry Corporation. The PayPass watch allows users to make purchases under 15 euros, with no signature or PIN required. Larger purchases will still require a signature.
The new development is an extension of Europe’s first MasterCard PayPass credit programme, which was launched with Garanti Bank in Turkey in June 2006, when the ‘Garanti Bonus Trink’ card with PayPass was launched.