⚡️Paraguay🇵🇾: Google Wallet enters the payment market.

⚡️Paraguay🇵🇾: Google Wallet enters the payment market.

However, not everywhere, only for some banks (Itaú, Continental and Ueno Bank). It is expected that others will join them over time.

➡️ Customers of these banks will be able to register their credit or debit cards in Google Wallet to use them at any terminal accepting contactless payments. Thus, customers of Banco Continental and Ueno Bank will be able to add Mastercard cards, while customers of Banco Itaú will activate Google Wallet with their Visa cards.

➡️ Context: Overall, the volume of credit card purchases increased by 32% in the first quarter of 2024, and the number of transactions by 52%. The population of Paraguay is 6,109,644 people, GDP per capita is 7,255 USD, and the national currency is the guarani (named after the indigenous tribe that makes up the demographic majority in the country). The presence of fintech compared to neighboring countries on the continent is still insignificant.

#news #Paraguay

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