finextra.com·Mar 20, 2026
Huawei and Yowpay have launched an open banking smartwatch POS app that transforms a Huawei smartwatch into a payment terminal, allowing merchants to accept instant Sepa payments via a dynamic QR code, bypassing traditional card schemes and reducing transaction fees.
The most valuable insight for you is the launch of an open banking smartwatch point-of-sale app by Huawei and Yowpay, which enables merchants to accept instant Sepa payments directly on a wearable device. This innovation not only provides total mobility and financial sovereignty but also bypasses traditional card schemes, potentially reducing transaction fees—an important development to monitor for impacts on payment processing and open banking trends.