MasterCard included MA recently joined forces with renowned MNC AlphabetGoogle, a subsidiary of GOOGL, will introduce digital payments app Google Pay across South Africa. The benefits of the platform backed by several attractive features can now be availed by the MA cardholders of the country.
Cardholders must install the Google Pay app on their Android phone or compatible Wear OS device from the Google Play store or the pay.google.com website. Next, they add their MasterCard-branded card to the digital wallet (Google Wallet) that was recently introduced in South Africa and they can easily make seamless payments at checkout points in stores that offer contactless payment methods. accept to.
Apart from making hassle-free daily payments, cardholders need not worry about the security and privacy of the information assured through Google Pay. The app enables the use of virtual card numbers referred to as tokens to perform transactions, thereby avoiding the disclosure of actual credit card information to merchants. The need to pass their payment card, touch physical buttons or exchange cash is excluded from the use of this app.
The latest initiative reinforces Mastercard’s efforts to enhance its digital payments capabilities in South Africa. Furthermore, the increasing acceptance of mobile or digital wallets across the country, thanks to the ease and security it provides, demonstrates the timeliness of recent collaborations.
According to Mastercard’s new payments index, 52% of South African consumers would prefer a smartphone or digital wallet over other payment methods to transact in 2021. This trend is likely to continue as 60% of the country’s respondents remain optimistic about using a smartphone to make payments next year.
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