Google launches debit card payments in Brazil

Tuesday 15 October 2019 08:23 CET | News

Google has launched a debit card payment function in Brazil through Google Pay for users of Android smartphones, Reuters reports.

According to the company, Brazil has 60 million debit cardholders, while the number of credit cardholders reaches 50 million. By enabling debit card payments, Google aims to increase its target market. Moreover, the company will not charge retailers, card issuers or card processors for the use of its debit payment platform.

Card issuers Banco do Brasil SA, Banco Bradesco SA and Itau Unibanco will allow clients to use the Google Pay’s debit function, as well as card networks Mastercard, Visa, and Elo and ecommerce platforms, such as delivery apps Rappi and iFood.

Other details about the new debit function were not disclosed.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Google, debit card, card payments, Brazil, ecommerce, Google Pay
Countries: World