Standard Bank South Africa Adds Google Wallet to its Digital Payment Methods

Standard Bank South Africa recently disclosed that they have now added Google Wallet to its digital payment methods.

Customers simply hold their Android device near a payment terminal to make a contactless payment. Every purchase is secure because there are multiple layers of security; each payment is authenticated with face unlock (on supported devices), Touch ID, or device passcode. Additionally, the app uses an encrypted number or what is known as industry-standard tokenization, which means when using your Google Wallet to pay in store or online, transactions are made using a virtual card number (a token). A token is device-specific and associated with a dynamic security code that changes with each transaction.

Nelisa Zulu, Head of Card Payments, Standard Bank South Africa