Shadine Taufik · · 1 min readVisa launches Google Wallet feature in Malaysia
Starting today, Visa Malaysia credit card holders registered with Hong Leong Bank – as well as Public Bank credit and debit card holders – can store their cards on Google Wallet on both Android and WearOS devices. Purchases will be enabled for in-store, in-app, and online transactions.
Photo credit: Visa
Visa also announced that HSBC and HSBC Amanah credit card holders will have access to this feature in the coming months.
Google Wallet uses and shares tokenized account numbers with merchants to keep consumer information safe. It also allows users to store other documents such as tickets, vaccination records, and IDs.
According to the Visa 2021 Consumer Payment Attitudes report, usage of mobile contactless payment solutions has increased for 60% of Malaysian consumers, with safety and convenience being the main motivations for this. Last year, 70% of all Visa transactions in the country were contactless.
The e-Conomy SEA 2022 report also predicts that digital payments in Malaysia are expected to hit nearly US$200 billion in gross transaction value by 2025.
“The impact Covid-19 had on the mobile payment landscape saw shifts in preference for digital payments, with more Malaysians opting for safer and more convenient payment solutions and having an overall positive attitude towards new payment trends,” said Ng Kong Boon, country manager of Visa Malaysia.
Editing by Miguel Cordon and Lorenzo Kyle Subido
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