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The announcement was made yesterday at a market wide event hosted by Visa, attended by senior members of the Pakistani financial industry.
Starting today, Visa cardholders of HBL, Bank Alfalah, UBL, and Meezan Bank can add their Visa their Google Wallet on Android and Wear OS to be made.
This integration supports the growing demand for digital payment options in Pakistan, offering locals and tourists like with the convenience of using their mobile phones for contactless payments.
Security is the cornerstone of Google Pay as it is based on tokenization, a security technology that replaces sensitive cardholder credentials, such as a 16-digit primary account number (PAN), with a token number. Tokenization helps reduce fraud & improve card authorization rates.
Umar Khan, Country Manager, for Visa in Pakistan and Afghanistan remarked, “We are excited to show our continued commitment to enhancing Pakistan’s digital payment ecosystem through this partnership with Google.
Pakistan is on the growth path of digitization, and consumer demand is ripe, as the share of digital transactions in total retail payments processed by banks and EMIs rose to 84 per cent in 2024.
The enablement of Google Wallet will support this demand and improve the customer experience through improved security and convenience.
As a bonus, Pakistanis can use Google Wallet when they travel so they can enjoy the same seamless and secure experience worldwide.
“ By fostering this collaboration, Visa and Google are working towards enhancing the payment landscape in Pakistan, ensuring that both cardholders and local businesses benefit from the latest in digital payments technology.
