Google has officially announced the launch of its digital wallet service, called Google Wallet, in Argentina. This service, which is already available in 70 countries, allows users to digitally integrate their credit or debit cards, boarding passes and even cards used for public transport.
The Google Wallet application is designed to facilitate payments using smartphones with NFC technology. Users simply have to bring their phone closer to the payment device (posnet) in stores to carry out transactions, without the need to use the physical card. This provides greater convenience and agility in the payment process.
As for the associated banks, so far the bank issuers BBVA, Galicia, Macro, Brubank, Pomelo and Openbank (Santander’s digital bank) have been integrated. It is expected that in the future more banks will join the platform to support Visa and MasterCard in the Latin American country.
It is important to note that the application in Argentina is focused exclusively on facilitating card payments, both online and in physical establishments. It does not allow you to have money in your account, send money or make investments. To access the service, users only need to have a Google account.
To ensure the security of transactions, the application uses Android security methods, such as fingerprint, facial recognition or PIN.
While Google Wallet offers merchants the option to add a payment button to their websites, the app doesn’t allow you to keep money in your account or make money transfers between users. Google is expected to continue expanding and improving its digital wallet service in Argentina, adding more partner banks and functionality in the future.
The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information presented here should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.
Investments in crypto assets are not regulated. They may not be suitable for retail investors and the entire amount invested may be lost. The services or products offered are not directed or accessible to investors in Spain.