🎉 Pakistan🇵🇰: Google Pay will be launched in the country by mid-March 2025
🎉 Pakistan🇵🇰: Google Pay will be launched in the country by mid-March 2025
The service will enable Pakistani users to link their debit and credit cards to Google Pay for simple and efficient contactless payments.
➡️ The launch will be conducted in collaboration with Visa, Mastercard, and major local banks.
➡️ Card linking will be managed through the Google Wallet app.
➡️ Initial limitations: In its introductory phase, not all Google Wallet features will be available, such as loyalty cards or public transport passes.
➡️ Technological Preparedness: Pakistan is well-equipped for this development, with 133,000 POS terminals, 99% of which are already compatible with contactless mobile payments.
➡️ Current Landscape: While electronic payments currently represent just 9.3% of the total transaction value in the country, a report from the State Bank of Pakistan notes that electronic transactions have doubled in the past two years, reflecting strong growth in the adoption of digital payment technologies.
#news #Asia #payments
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