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Google Wallet launches in South Africa as digital payments boom

Google Wallet has recently rolled out in South Africa to offer more payment options for users.

By Staff

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Alphabet Inc (GOOGL.O) launched Google Wallet in six new markets including South Africa on Tuesday. This comes after rival Apple Inc (AAPL.O)  launched its Apple Pay mobile payment system in South Africa last year.

This move emphasizes the tech giant’s efforts of trying to gain a foothold in the countries’ rapidly growing digital payments space.

The Google Wallet app stores a consumer’s credit or debit card information and allows shoppers to pay for goods by tapping their phone against a retail store’s point of sale at the checkout counter. Additionally, the company is offering digital item support for things like loyalty cards and boarding passes.

“Cardholders of FirstRand Bank, Discovery Bank, Investec, Standard Bank, ABSA, and Nedbank will now be able to add their cards to Google Wallet,” Google said.

Furthermore, customers can now pay with their Android phones or use OS devices where contactless payments are accepted.

Google wallet is also debuting in Azerbaijan, Iceland, Moldova, Qatar, and Serbia, offering the same services. 

The COVID-19 pandemic hastened the migration to digital transactions, and consumers are increasingly choosing to use their smart devices to make contactless payments. The widespread use of smartphones also contributed to higher adoption rates.


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