👀 Uruguay🇺🇾: Google Pay enters the payment market.

👀 Uruguay🇺🇾: Google Pay enters the payment market.

The first cards to integrate with Google Wallet will be Mastercard cards from Midinero, the digital platform of the Central Bank of Uruguay.

➡️ This move opens up new possibilities, enabling Uruguayans to access 100 million payment points globally.

➡️ The service is designed for Android device users, and there will be no fees for using it.

➡️ Context: Google Pay's main competitors in Uruguay are Toke (a solution from the banking association Urutec) and the Argentine platform MercadoPago. Overall, digital payments, especially those made with debit cards, have become the dominant payment method in Uruguay: over the past 5 years, cash usage has decreased by 44%, while digital payments continue to grow.

#news #Uruguay

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