(Telecompaper) Swatch will launch its own internet-enabled smartwatch in two countries this summer, CEO Nick Hayek said. The watch, which has remote payment functions, will be launched in Switzerland and "one big country," Hayek told shareholders at the company's annual general meeting. He didn't elaborate on the big country for the launch, but it is likely to be either the US or China, two of the company's biggest markets, the Wall Street Journal reports. Swatch has already signed a payments deal with China UnionPay, a bank-card association in China, Swatch's most important market. The company has also struck deals with a Swiss bank and a big credit-card company.