As of this Tuesday, November 7, Visa has enabled integration with the Wallet of Google in Peru. According to figures managed by the multinational financial services company, 85% of consumers in Latin America and the Caribbean use contactless digital payments and digital wallets to manage money. This trend also makes Peru attractive, which with this tool continues to position itself as a reference in the implementation of technology in the region.
“The enablement of Google Wallet in Peru marks a significant milestone in Visa’s role as a promoter of the secure movement of money for everyone, everywhere. The notable growth in the acceptance of contactless payments and digital wallets highlights the value of this technology for consumers and businesses in the country that are increasingly looking for simple and fast ways to make and receive payments“said Gilberto Chaparro, General Manager for Visa in Peru.
In which financial institutions can the digital wallet be used?
According to Visa, the Google Wallet will be available for BCP, Interbank, Scotiabank, BBVA, Caja Arequipa. In addition, users of Android phones and Wear OS devices can use it.
How do you use the Google digital wallet?
This wallet will allow contactless payments to be made from the phone with NFC technology or wearables, using the Visa credit and debit cards that the citizen decides to add.
Likewise, for customer security, payments have multiple layers of security that are added to Visa’s tokenization technology. That is, when using the card stored in Google Wallet, transactions are made using a virtual card number (a token).
“This token is specific to each device and is associated with a dynamic security code that changes with each transaction, providing an additional layer of protection against fraud“, indicates the Visa statement.
Source: Larepublica
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