Interswitch, a leading African integrated payments and digital commerce platform company headquartered in Lagos, has integrated Google Pay on its Payment Gateway (IPG) platform.
This integration will enable individuals and businesses in Nigeria to make a wide range of financial transactions, including in-person contactless purchases, for goods and services, peer-to-peer money transfers, and more, using their mobile devices.
Merchants and users can now add their debit and credit card details to the Google Wallet app to make online payments. Users can also pay with international cards or create virtual cards for payment at the checkout, enabling businesses to cater to their international clients.
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Speaking on the Integration of Google Pay on the Interswitch payment platform, Managing Director of Digital Commerce and Merchant Acquiring at Interswitch, Muyiwa Asagba said,
“We are proud to align with Google Pay, as it exemplifies our commitment to delivering cutting-edge payment solutions that facilitate seamless transactions for businesses and their customers. By integrating Google Pay into our Payment Gateway, we are empowering businesses to harness the potential of a global customer base while ensuring secure and reliable payments.”
Interswitch also said that aside from the tokenization which guards against fraud, the Google Wallet integration also has a “Find my device” function with which users can secure their financial information in the event of a lost or misplaced device.
According to Jenny Cheng, vice president and general manager of Google Wallet, she said,
“This service is available to users in over 70 countries and territories, enabling payments through their Android phones or Wear OS devices. Users can simply add their debit and credit cards to the Google Wallet app and feel confident that their financial information is safe and secure when they’re making a purchase or catching a train”.
As Google Pay continues to evolve and expand its capabilities, it aims to provide a convenient and secure way for users to manage their digital payments and financial transactions.
The integration of Google Pay into the Interswitch gateway payment platform is indeed strategic, as it offers users additional payment methods, increasing flexibility and catering to a broader user base. This can be very beneficial for Interswitch, in retaining new customers, and attracting existing ones.
Also, the integration of Google Pay enables users to make mobile and contactless payments, which align with the growing trend of cashless transactions and reduces the need for physical payment cards.
This move can enhance Interswitch’s competitive edge in the payments and remittance market, as it now offers users a wide range of payment options.