Half a year after the entry of "Apple Pay" into Israel, "Google Pay" offers a similar service - payment from a mobile phone, without the need to enter a secret code, even in amounts of more than NIS 300.
The payments app is available in the Google Store for free use.
It should be noted that since the entry of Apple Pay into the country, the rate of transactions on the phone has jumped by hundreds of percent but it still constitutes only about 7% of credit payments.
This is how you will pay through the app:
Payment via mobile is made by fingerprint or code identification.
In this way, it maintains maximum protection against fraud, eliminating the need to enter the secret code in transactions of more than NIS 300.
Now, using Google's Google Pay app, payment will be made in a simple, fast and secure process - attach your mobile phone to the terminal and make the transaction without contact and without taking out your wallet.
Businesses that enable mobile payment: Mobile
can be used in any business that has switched to a smart payment infrastructure (EMV), which enables non-contact payments.
Most businesses in Israel, retailers, restaurants, containers and more, have already moved to a smart payment infrastructure.
In accordance with the Bank of Israel's directive, in the coming months all businesses in Israel are obliged to complete the transition.
Owners of Android devices who hold a Max credit card will be able to pay via mobile pay via Google pay starting today (Tuesday), having so far paid via the Max app.
Now they can also add their cards to the Google app, and on the occasion of the launch, customers who pay on mobile will enjoy attractive benefits in a variety of leading brands.
According to Max CEO Ron Fainero, “The move to mobile payment is gaining momentum and showing an average monthly increase of about 10%.
Most users, almost 60%, are young up to the age of 40;
About 20% between the ages of 41-50, and the rest over the age of 51. I am sure that Google Pay will even further increase the use of mobile as a major means of payment, expand its use to wider audiences, and encourage the public to choose one major credit card that gives value back regularly".
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