Versace, Ferragamo, and Valentino are making watches that work as credit and transport cards ...

The tech-enabled watches will look exactly the same as regular versions Good news - starting next year, upmarket fashion brands like Versace, Salvatore Ferragamo and Valentino will offer analogue watches that double up as credit and public transport cards Business Insider got to see the watches at a preview during the Singapore Fintech Festival on Monday.

Starting 2020, Timex Group will sell branded analogue watches that have tech capabilities At the preview, there were tech-enabled watches from Guess, Versace, and Saga Source Rachel Chia/Business Insider The special watches contain a super-thin, bendable chip embedded in the strap, which wearers can link to a Mastercard or bus/train card.

Caption Just like with a regular credit card, if a user loses the watch, they must report it to their bank. . Source