Swedbank and several fintech companies offer integration with Google Pay



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Robyn Beck (Scanpix / AFP) nuotr.

With the increasing demand for contactless payments, Swedbank in the Baltic countries has started to pay using the Google Pay solution for contactless payments using Android phones with Android software. This is another way to pay for purchases and services without using cash.

Added feedback from Mastercard and Revolut

The new payment method will allow Swedbank customers with Android smartphones to link their Mastercard with Google Pay and use it to pay online, without contact in physical stores or mobile applications.

Link a payment card and pay through Google Pay for purchases or services in some stores and online platforms, eg. Eg Google Play was available until iol. Swedbank News is an opportunity to pay in this way in physical stores.

We are witnessing a trend where residents use less and less cash and choose to pay with contactless cards or corporate events in Denmark. With the addition of Google Pay to the payment method, our customers will have even more opportunities to use daily banking services safely and conveniently, says Jrat Gumuliauskien, Head of Customer Service at Swedbank.

According to Swedbank, 2020 saw rapid growth in contactless payment cards and immune events. In September of this year, 2 to 3 payment cards were made without contact at points of sale and services in the country, and each ninth payment was made by phone or watch.

According to Swedbank, the number of clients who used corporate events for settlements in September of the year reached 80,000 and was double that of the beginning of the year. contactless settlement operations using host events. In comparison, at the beginning of the year the number of such operations amounted to 0.6 million.

Customers of our bank, who pay for contactless corporate events, make an average of 19 transactions of this type per month. In recent years, we have seen steady growth in services, and due to the pandemic situation and the need to protect against coronavirus risks, the need for them has increased even more, says J. Gumuliauskien.

The Google Pay payment method will be available on mobile phones through the Swedbank program. A separate Google Pay program will not yet be available in Lithuania.

On the user side, Google Pay is basically no different from poor contactless payments when using Swedbank software, cards, and NFC connections. Besides banking and eyes, Google Pay is another technology. Figuratively speaking, this makes it possible not to have a constantly growing egg in an imman basket.

The opportunity to pay via Google Play in Lithuania today is officially offered by Revolut, the Curve card aggregator and several other fintech mons, because Google, in cooperation with Mastercard, has expanded the geography of this payment service.

Starting today, Mastercard, together with local partners, will launch the Google Pay service for its payment card holders in Austria, Bulgaria, Estonia, Greece, Hungary, Latvia, Lithuania, the Netherlands, Portugal and Romania.

Mastercard will provide this service in cooperation with various issuers and fintech companies in the above countries, including N26, Curve, Revolut, Swedbank, Monese that provide services in Lithuania. i Innovation is another example of Mastercard’s commitment to innovation that simplifies everyday business life.

Mons Worldwide offers a simple and secure way to pay both online and at physical outlets, especially during a pandemic. With the growing demand for digital payments, we have worked closely with Google Pay to offer customers in Lithuania contactless payments with Android events, says Virgilijus Mirks, CEO of Revolut in Lithuania.

Paysera has previously used some of the functions of Google Pay. Now customers can use all of them.

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