Google Pay and Google Wallet have officially launched in the Philippines, allowing users to make contactless payments using Android smartphones and Wear OS devices.
Initially, nine financial institutions, including major banks, e-money providers like GCash and Maya, along with global payment firms Visa and Mastercard, are partnering with Google Pay.
Cardholders of participating banks can add their debit or credit cards to Google Wallet to pay online, in-app, or in-store wherever contactless payments are accepted.
The Google Wallet app, which functions as a digital container for payment cards and loyalty passes, can be downloaded from Google Play on NFC-enabled Android smartphones.
While Google Wallet stores payment credentials, the actual transactions are enabled by Google Pay.
The Bangko Sentral ng Pilipinas (BSP) has classified Google Pay and Apple Pay as technology service providers that must register as operators of payment systems (OPS).
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