Thursday
August 25
2022

South Africa Becomes First African Nation to Get Google Wallet

By Paula Gilbert

South Africa’s rising trend of contactless payments has been given another boost with search giant Google launching its Google Wallet service in the country, making it the first in Africa to get the fintech service.

Google is a bit late to the party as there are already a number of competitor services available in South Africa including Apple Pay and Samsung Pay – and even wearable tech companies like Fitbit and Garmin – which allow users to make payments online and at physical stores without using a physical bank card.

Growing digital demand

The launch is expected to further help local banks expand their digital offerings in a rapidly growing digital payments space where users are hungry for more innovative payment and money transfer solutions.

Source: Connecting Africa (link opens in a new window)

Categories
Finance, Technology
Tags
digital payments, digital wallets, financial inclusion, fintech, mobile banking, technology