Mastercard on Wednesday announced its participation in offering Google Pay services to its clients, following its launch in the Philippines.
Mastercard cardholders from select partner issuers can now pay in stores using their near-field communication (NFC)-enabled smartphones.
Meanwhile, clients can also use Google Pay for online and in-app transactions once their eligible card has been added via the Google Wallet app.
“The highly anticipated arrival of Google Pay marks a pivotal moment for the Philippines’ financial ecosystem. This innovation not only simplifies everyday payments but also accelerates the country’s journey toward a digitally inclusive economy, where secure, tokenized transactions become the norm for all,” said Jason Crasto, Mastercard Philippine country manager.
With this partnership, Google Pay will also use Mastercard’s tokenization technology, aligning with its efforts to promote contactless payments in the country.
“We’re proud to work with Mastercard to bring faster, convenient and more secure payments to the Philippines. This launch underscores our enduring commitment to accelerating financial inclusion and fueling the next chapter of the Philippines’ dynamic digital economy,” said Prep Palacios, Google Philippines country manager.
