In Pakistan, A new Era for digital transactions Google Pay will be launching in March 2025. Google pay is used as the global digital wallet to send and receive money from different countries. This contactless platform of payment is set to launch in Pakistan to make online payments. Google Pay is marking a significant landmark in expanding Pakistan’s digital payments.
The roll out committed by Google in November 2024, according to sources, That Google will make it possible through collaborations with the leading local banks, Visa and Mastercard. Users in Pakistan can link their Bank-issued debit card and credit card to Google Pay through Google wallet app and enable contactless secure online payments to at various business places.
Initially, Google is focusing on making contactless online payments, the complete set of google wallet features including, loyalty cards and Passes for public transport will be introduced later. According to sources, around 4 to 6 notable banks are working closely with Visa and Mastercard to fulfill technical requirements. Sources also confirmed that the arrangements of Launch are started.
Read also: Direct Flights to Paris Resume After Four-Year Ban in Pakistan
According to the State Bank of Pakistan, Pakistan’s online payment system is well-equipped to support this service. There are 133,000 Point of sale terminals and 99 percent of them already provide contactless online payments through mobiles. Experts of Industry see rapid growth in Pakistan’s digital payment sector after the entry of Google Pay, which has observe a rapid growth in recent years.
Industry Experts are predicting rapid growth in Pakistan’s digital payment sector after the entry of Google Pay, which has observed significant growth in recent years. According to state bank records and data analysis reports, Online payments in Pakistan now account for 9.3% of all the transactions in Pakistan, which is a significant increase of 100 percent in the last two years.
The launch of Google Pay a digital application of Online payments which is linked to payment cards of any financial institution will boost the expansion of digital payments through Point of Sale machines and e-commerce websites.
