The best regulated crypto exchange
Find out why?

Google Pay’s Brazil launch opens e-commerce to debit card users

By Charlotte Ricca

Online giant claims it has countered beaten fraud problems and hopes to boost Android phone sales

Google Pays Brazil launch opens e-commerce to debit card users

Google is launching its digital wallet Google Pay in Brazil, allowing more online shoppers to use debit cards.

Most online retailers in this region take only credit cards, because of a higher risk of fraud with debit cards. As Google’s online payment system accepts debit cards, the online giant will be able to tap into a whole new market.

It also hopes to increase sales of its Android phone according to Joao Felix, who manages Google Pay in Latin America.

Brazil has one of the world's worst problems with online fraud, particularly in e-commerce. Google claims it has tackled this problem – although has not revealed how. Felix said Brazil has 60 million debit card holders and 50 million credit card holders.

Banks that allow customers to use Google Pay’s debit card function include Mastercard, Visa, Banco do Brasil SA, Banco Bradesco SA and Itau Unibanco Holding SA. A number of e-commerce platforms have also come on board, such as the delivery apps Rappi and iFood.

Google will not charge retailers, card issuers or card processors for using Google Pay.

Alphabet Inc
Trader sentiment
Daily change
Tokenised securities are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how tokenised securities and leverage work and whether you can afford to take the high risk of losing your money. Nothing in the above article should be regarded as a recommendation to trade generally, to trade on a particular platform or to trade in a particular asset. Asset prices can go down as well as up and past performance is not a guide to future performance. Investors and traders should thoroughly research an asset or strategy before making any trading or investment decision and if necessary seek professional advice.
Subscribe to news
iMac Image
The most beautiful trading app
google play storeapple store
iPhone Image
iPhone Image