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
